VN-Index unexpectedly jumps

Vietnam’s benchmark VN-Index unexpectedly jumped with most blue-chip stock rallied on April 6 as investors regained confidence.

The gauge of 283 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange restored 1.69 percent, or 7.74 points, to close at 464.94 points.

Of the index members, 190 advanced, 37 dropped, while 61 stood still.

Trading volume on the city bourse improved by 17 percent over the previous trading session as nearly 27.35 million shares changed hands at a value of VND624 billion.

Sai Gon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) led the list of most active shares in volume with 1.7 million shares changing hands.

Saigon Securities Inc. (SSI), the country’s largest brokerage, followed with 1.3 million shares.

Vietnam Joint Stock Commercial Bank for Industrial and Trade or Vietinbank (CTG) finished third with 883,900 shares.

PetroVietnam Finance Joint Stock Corporation (PVF), PetroVietNam IDICO Long Son Industrial Park Investment Joint Stock Company (PXL), Seafood Joint Stock Company No.4 (TS4), and Vietnam – Italy Steel Joint Stock Company (VIS) all rebounded the daily maximum allowed limit of 5 percent to VND21,000, VND6,300, VND18,900, and VND25,200 respectively.

Hamico Mineral Group (KSH) snapped its four-straight-day losing streak, reviving 4.98 percent to VND33,700.

Electronics Communications Technology Investment Development Corporation (ELC) climbed for three consecutive days, enriching 4.96 percent to VND38,100.

Imexpharm Corporation (IMP) declined 4.96 percent to close at VND44,100.

Thien Nam Trading Import Export Joint Stock Company (TNA) eroded 4.78 percent to close at VND21,900.

SPM Joint Stock Company (SPM) cleared previous gain, reducing 4.72 percent to close at VND50,500.

The smaller in the north rose the second day as the Hanoi’s HNX-Index escalated 1.4 percent, or 1.27 points, to close at 91.83 points. Trading volume rose by 6 million shares over the previous trading session as more than 28 million shares worth VND410 billion changed hands.

Meanwhile, the UPCoM-Index of unlisted shares shed 0.11 points to 37.17 points this morning. Trading volume was three times higher than the previous day as a total of 380,780 shares changed hands at a value of VND2.18 billion.

By An Nam

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