VN-Index recovers on bargain hunting

Vietnam’s benchmark VN-Index rebounded on March 23 as buying demand increased by the end of the trading session.

The gauge of 282 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange reversed 0.61 percent, or 2.84 points, to close at 467.64 points.

On the index, there were 115 gainers, 94 losers, while 78 stocks remained unchanged.

Trading on the city bourse fell by 9 percent in volume over the previous trading session as 33.71 million shares changed hands at a value of VND811 billion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, was the most active share in volume with 1.52 million shares changing hands.

Vietnam Joint Stock Commercial Bank for Industrial and Trade or Vietinbank (CTG) chased after with 1.41 million shares.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) came in third with 1.29 million shares.

Nam Viet Joint Stock Company (NAV) revived 5 percent to close at VND8,400.

Binh Dinh Minerals Company (BMC) climbed for ten days in a row, adding up 4.93 percent to VND31,900.

Descon Construction Corporation (DCC) accelerated 4.87 percent to VND23,700.

De Tam Joint Stock Company (DTA) fell the first time in four days, shrinking 9.01 percent to close at VND10,100.

Vinpearl Joint Stock Company (VPL) and Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) both dropped 5 percent to VND66,700, and VND5,700 respectively.

Information & Networking Technology Joint Stock Company (CMT) crashed 4.95 percent to VND21,100.

The smaller in the north called halt to the losing trend as the Hanoi’s HNX-Index boosted 1.01 percent, or 0.94 points, to close at 94.11 points. Trading volume sharply reduced over the previous trading session as 29 million shares worth VND455.8 billion changed hands.

Meanwhile, the UPCoM-Index of unlisted shares adjusted 0.88 points to 37.72. A total of 141,100 shares changed hands at a value of VND1.15 billion.

By Moc Lan

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