VN-Index surpasses 400 points on local buying

Vietnam’s benchmark VN-Index extended its winning streak to four consecutive trading sessions, climbing to a ten-week high on February 2 as investors bought shares heavily on speculation that the rising momentum would prolong.

Shares of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange added up 2.8 per cent, or 10.94 points, to close at 401.61 points, the highest since November 10, 2011.

There were 211 winners, 49 losers, while 46 stocks remained unchanged on the benchmark.

Trading on the city bourse improved by 13 per cent in volume and 15 per cent in value as around 44 million shares changed hands at a total value of VND715 billion.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) was the most active share in volume for the second day with 5.73 million shares changing hands.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) ranked second with 1.8 million shares traded.

Military Joint Stock Commercial Bank (MBB) chased after with 1.36 million shares.

Viky Plastic Joint Stock Company (VKP) shot up 14.29 per cent to close at VND800.

South Vietnam Container Shipping Joint Stock Company (VSG) leaped forward 6.25 per cent to VND1,700.

Other winners included Southern Rubber Industry Joint Stock Company (CSM), Huu Lien Asia Corporation (HLA), and De Tam Joint Stock Company (DTA).

Basa Joint Stock Company (BAS) plummeted 7.69 per cent to close at VND1,200.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) plunged 5.56 per cent to close at VND1,700.

Saigon Beverages Joint Stock Company (TRI) eroded 5.26 per cent to close at VND1,800.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north rebounded 3.47 per cent, or 2.1 points, to close at 62.57 points. Around 32.67 million shares changed hands at a total value of VND270.4 billion.

The UPCoM-Index of unlisted shares bounced 0.94 per cent, or 0.32 points, to 34.47 points at 11:30am local time. A total of 209,732 shares were traded at VND2.01 billion.

By Thuy Doan

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