VN-Index rises on bullish sentiment

Vietnam’s benchmark VN-Index, which tracks 281 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, accelerated on March 11 as investors regained confidence.

The benchmark sprang 2.61 percent, or 12.57 points, to close at 495.06 points.

On the index, 210 stocks gained, 39 fell, while 37 remained unchanged.

Trading volume on the city bourse slightly fell over the previous trading session as 43.5 million shares changed hands at a value of VND914 billion.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) won the position of the most active share in volume with 2.203 million shares changing hands.

Vietnam Joint Stock Commercial Bank for Industry and Trade or Vietinbank (CTG) tagged along with 2.201 million shares traded.

Refrigeration Electrical Engineering Corporation (REE) came in third with 1.65 million shares.

Phuc Tien Trade Manufacture Joint Stock Company (PHT), Petro Capital & Infrastructure Investment Joint Stock Company (PTL), Petroleum Industrial & Civil Construction Joint Stock Company (PXI), Vietnam Petroleum Transport Joint Stock Company (VIP), and Cavico Viet Nam Mining and Construction Joint Stock Company (MCV) all soared the daily maximum allowed limit of 5 percent to close at VND10,500.

Full Power Joint Stock Company (FPC) slashed 5 percent to VND3,800.
 
Truong Long Engineering and Auto Joint Stock Company (HTL) erased 4.79 percent to VND15,900.

Cuu Long Petro Urban Development and Investment Corporation (CCL) retreated for four consecutive days, giving up 4.76 percent to VND22,000.

The smaller bourse in the north also performed well as the Hanoi’s HNX-Index jumped 2.75 percent, or 2.54 points, to close at 94.85 points. Around 29.4 million shares worth VND456.34 billion changed hands.

Meanwhile, the UPCom-Index of unlisted shares market rose 0.48 points to 39.2 points this morning. A total of 244,000 shares changed hands at a value of VND3 billion as of 11:10 am local time.

By Gia Han

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