VN-Index recovers on local buying

Stocks on the Ho Chi Minh City Stock Exchange rebounded on February 14 after the biggest loss in five months the previous day as investors returned to buy shares on speculation that rising trend would resume.

Vietnam’s benchmark VN-Index, which tracks 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange, regained 1.19 per cent, or 4.72 points, to close at 400.26 points.

Across the benchmark, 162 stocks gained, 78 dropped, while 66 stocks remained unchanged.

Around 36.5 million shares changed hands at a total value of VND637 billion.

Saigon Thuong Tin Commercial Joint Stock Bank or Sacombank (STB), the fourth largest listed lender, was the most active share in volume with 1.8 million shares changing hands.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) followed with 1.45 million shares traded.

Military Commercial Joint Stock Bank (MBB) came in third with 1.3 million shares.

Basa Joint Stock Company (BAS) retrieved 14.29 per cent to close at VND800.

Saigon Beverages Joint Stock Company (TRI) recovered 6.25 per cent to close at VND1,700.

Ninh Van Bay Travel Real Estate Joint Stock Company (NVT), Vietnam – Italy Steel Joint Stock Company (VIS), Song Ba Joint Stock Company (SBA), and South Logistics Joint Stock Company (STG) all jumped 5 per cent to close at VND2,100, VND12,600, VND4,200, and VND23,100 respectively.

Viky Plastic Joint Stock Company (VKP) declined 16.67 per cent to close at VND500.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) eroded 6.25 per cent to close at VND1,500.

Binh Duong Mineral & Construction Joint Stock Company (KSB) shed 4.8 per cent to close at VND23,800.

The VN30 Index climbed 3.99 points, or 0.89 per cent, to end at 450.22 points from the lowest close since it was created last week. Among its 30 members, 22 stocks rallied, two declined and six closed unmoved.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north reclaimed 0.82 per cent, or 0.5 points, to close at 61.54 points. Around 35.99 million shares changed hands at a total value of VND294.23 billion.

The UPCoM-Index of unlisted shares weakened 0.81 per cent, or 0.28 points, to 34.33 points at 11.30 am local time. A total of 2,493,600 shares were traded at VND120.03 billion.

By Thuy Doan

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