VN-Index rises above 400

Sentiment on Vietnam’s major share market in Ho Chi Minh City was excited on Tuesday, as the VN-Index breached the psychological 400 mark for the first time this year.

The index of 181 leading shares closed higher 10.05, 2.57 percent, at 400.9.

Trading volume was up to 48 million shares, worth VND1.36 trillion (US$76.4 million), as all but 22 stocks increased sharply. Many investors failed to buy shares as no one was willing to sell.
 
Foreign investors also contributed to today’s rally, buying shares worth VND59.6 billion.

Seafood Joint-Stock Co. No.4 (TS4) rose by the daily maximum trading limit of five percent to close at VND23,400. Vo Thi Thanh Trang, member of the supervisory board, registered to sell 5,000 shares to cut her holding to 2,281 shares, according to a statement on the exchange’s website. The sale will start today and finish on August 20.

Saigon Securities Inc. (SSI), Vietnam’s biggest brokerage, closed higher 4.55 percent at VND57,500.

The Hanoi-based brokerage announced Lam Thi My Phuong, wife of the supervisory board chief Nguyen Van Khai, will sell 50,400 shares in on- and off-market trades today, which accounts for almost her entire 0.03 percent stake, equivalent to 50,406 shares.

Da Nang Contruction Building Materials and Cement Joint-Stock Co. (DXV) rose by 4.44 percent to VND9,400. The company said on the bourse’s website that it will pay dividends of VND700 per share. The ex-dividend date will be on May 26.

Long An Food Processing Export Joint-Stock Co. (LAF) was among today’s 13 losers, slumping 4.71 to end at VND18,200.

Chau Ngoc Thanh Dung, daughter of deputy general director Chau Van Duc, registered to cut her holdings from 20,297 shares, or 0.35 percent stake, to 297 before June 30, according to a report on the exchange’s website.

The Hanoi Securities Trading Center remained on an upward trend, with the HaSTC-Index gaining 5.19, 3.8 percent, to close at 141.94.

Reported by Moc Lan

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