VN-Index struggles to extend rising trend

Movements of VN-Index on September 20. (Photo: vietstock.vn)
Vietnam’s benchmark VN-Index went up for the third day on September 20 as investors increased buying by the end of the trading session.

The index of 255 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange inched up 0.06 percent, or 0.29 points, to 457.87 points.

Trading volume on the city bourse climbed to the highest level in the past seven sessions. Around 55.54 million shares changed hands at an approximate value of VND1.47 trillion.

Among the index members, 116 advanced, 93 retreated, while 51 remained unchanged.

Ocean Group Joint Stock Company (OGC), which declined the first time in five days, continued to win the first place in the race of most active shares by volume with 3.41 million shares changing hands.

Tan Tao Investment Industry Corporation (ITA) tagged along with 3.37 million shares, followed by steel company Dai Thien Loc Corporation (DTL) came in next with 1.94 million shares traded.

From September 15 to November 15, Nguyen Thanh Nghia, chairman of Dai Thien Loc Corporation (DTL), registered to buy 500,000 shares, increasing his holdings to 14,269,727 shares, accounting for 29.42 percent of the company’s chartered capital, to raise ownership ratio.

Stationery producer Thien Long Group Corporation (TLG), Tan Dai Hung Plastic Joint Stock Company (TPC), and Meca Vneco Investment and Electricity Construction Joint Stock Company (VES) were the biggest gainers on the southern market. They all jumped the daily maximum allowed limit of 5 percent.

Binh Duong Trade and Development Joint Stock Company (TDC) and Seafood Joint Stock Company No4 (TS4) both added up 4.96 percent to VND36,000, and VND29,600 respectively.

Meanwhile, Industrial Urban Development Joint Stock Company No.2 (D2D) and seafood producer Vinh Hoan Corporation (VHC) eroded 5 percent to VND49,400, and VND32,300 respectively.

Viet Nam Land Investment Corporation (VNI) reduced 4.98 percent to VND22,900 from VND24,100 the previous day.

The northern bourse also advanced as the HNX-Index slightly edged up 0.35 percent, or 0.46 points, to close at 133.31 points. Around 52.5 million shares, worth VND1.28 trillion, changed hands.

The UPCoM-Index slid 0.25 points to 48.29 as of 11:20 am local time. Trading on the market of unlisted shares reached 0.3 million shares, worth VND6.6 billion.

By Gia Han

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