VN-Index reverses on blue-chip stocks’ rallies

Vietnam’s benchmark VN-Index suddenly recovered, climbing to a six-week high on April 27 as several blue-chip stocks swam upstream.

The shares of 284 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange leaped forward 1.62 percent, or 7.46 points, to close at 469.32 points.

Among the index members, 108 gained, 108 retreated, while 73 remained unchanged.

Trading volume on the city bourse slightly dropped over the previous trading session as 28.5 million shares changed hands at a value of VND598 billion, down 12 percent.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) was the most active share in volume with 1.72 million shares changing hands.

Saigon Securities Inc. (SSI), the country’s largest brokerage, followed with 1.49 million shares.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) came next with 788,950 shares traded.

Tay Ninh Rubber Joint Stock Company (TRC) rebounded 4.99 percent to close at VND48,400.

Idico Urban & House Development Joint Stock Company (UIC) climbed for three consecutive days, edging up 4.96 percent to VND12,700.

Materials - Petroleum Joint Stock Company (COM) accelerated 4.93 percent to close at VND29,800.

Ha Do Group Joint Stock Company (HDG) plummeted 48.12 percent to trade at VND34,500.

Other losers on the city bourse included Ntaco Corporation (ATA), HAI Agrochemical Joint Stock Company (HAI), and Tai Nguyen Corporation (TNT). They all plunged 5 percent to VND19,000, VND28,500, and VND15,200 respectively.

The Hanoi’s HNX-Index of the smaller in the north slightly inched up 0.06 percent, or 0.05 points, to close at 83.79 points. Trading volume was at 25.5 million shares worth VND350.8 billion.

Meanwhile, the UPCoM-Index of unlisted shares adjusted 0.26 points to 35.95 points this morning. A total of 49,400 shares changed hands at a value of VND0.48 billion.

By Ngoc Giao

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