VN-Index rebounds on local buying

Vietnam’s benchmark VN-Index successfully reversed previous losses on August 25 as investors increased disbursement on speculation of a renewed rising trend triggered by improved economic data.

The shares of 295 companies and five closed-end funds listed on the Ho Chi Minh City Stock Exchange restored 1.25 percent, or 4.97 points, to close at 401.65 points.

Among the benchmark members, 133 increased, 80 reduced, while 87 remained unchanged.

Trading on the city bourse rose by 10 percent in volume and 6 percent in value over the previous day as around 30.13 million shares changed hands at a value of VND506 billion.

Ho Chi Minh City-based Refrigeration Electrical Engineering Corporation (REE) won the spot of most active share in volume with 2.19 million shares changing hands.

Saigon Securities Inc. (SSI), the country’s largest brokerage, fell to the second rank with 2.12 million shares traded.

Licogi 16 Joint Stock Company (LCG) came next with 1.3 million shares.

Viky Plastic Joint Stock Company (VKP) jumped 5.26 percent to VND2,000.

Hoang Quan Consulting - Trading - Service Real Estate Corporation (HQC), Long Giang Investment & Urban Development Joint Stock Company (LGL), and South Logistics Joint Stock Company (STG) rallied 5 percent to close at VND12,600, VND8,400, and VND16,800 respectively.

Everpia Vietnam Joint Stock Company (EVE) rebounded 4.95 percent to VND29,700.

Chuong Duong Beverages Joint Stock Company (SCD) sank 5 percent to VND17,100.

Ben Tre Aqua Product Import and Export Joint Stock Company (ABT) dived 4.98 percent to VND38,200.

Food producer Ntaco Corporation (ATA) dipped 4.95 percent to close at VND19,200

The Hanoi’s HNX-Index of the smaller bourse in the north also regained 0.97 percent, or 0.67 points, to finish at 69.75 points. Trading on the northern floor improved by 6 percent in volume and 5 percent in value over the previous day as more than 40 million shares changed hands at a value of nearly VND447.74 billion.

Meanwhile, the UPCoM-Index of unlisted shares edged down 0.26 percent, or 0.08 points, to 30.69 points. A total of 784,160 shares changed hands at a value of VND24.76 billion.

By Kha Lam

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