VN-Index surges third day, approaching 400 points

Stocks on Ho Chi Minh City Stock Exchange advanced the third day in Lunar New Year on Feb. 1, keeping the VN-Index at a seven-week high as blue-chip stocks gained ground despite a strong selling pressure.

Vietnam’s benchmark, which tracks 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange, rose 0.7 per cent, or 2.7 points, to close at 390.67 points, the highest since Dec. 6, 2011.

Last month, the gauge gained 10.4 per cent, paring last year’s loss of 27.5 per cent.

Among the index members, 109 climbed, 110 retreated, while 87 remained unchanged.

Around 39.21 million shares changed hands at a value of VND622 billion.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) was the most active share in volume with 2.49 million shares changing hands.

Becamex Infrastructure Development Joint Stock Company (IJC) followed with 1.99 million shares traded.

Tan Tao Investment & Technology Joint Stock Company (ITA) came next with 1.95 million shares.

Meca Vneco Investment & Electricity Construction Joint Stock Company (VES) jumped 5.56 per cent to close at VND1,900.

General Materials Biochemistry Fertilizer Joint Stock Company (HSI) recovered 5 per cent to VND8,400.

Lix Detergent Joint Stock Company (LIX) edged up for three straight days, strengthening 4.93 per cent to close at VND36,200.

Basa Joint Stock Company (BAS) nosedived 7.14 per cent to close at VND1,300.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) trimmed 5.26 per cent to close at VND1,800.

Other losers on the city bourse included Viet An Joint Stock Company (AVF), Vietnam Fumigation Joint Stock Company (VFG), and Saigon Beverages Joint Stock Company (TRI).

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north shed 0.2 per cent, or 0.12 points, to close at 60.47 points. Around 30.62 million shares changed hands at a total value of VND238.24 billion.

The UPCoM-Index of unlisted shares rallied 0.47 per cent, or 0.16 points, to close at 34.15 points. A total of 569,378 shares were traded at VND24.31 billion.

By Thuy Doan

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