VN-Index wraps week in bullish sentiment

Vietnam’s benchmark VN-Index rebounded, snapping the second weekly loss on February 25 as low prices attracted investors.

The gauge of 280 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange revived 1.23 percent, or 5.67 points, to close at 466.96 points.

Of the index, 189 stocks advanced, 41 declined, while 55 remained unchanged.

Trading volume on the city bourse severely fell over the previous day as 28.61 million shares worth VND655 billion changed hands this morning, down 33 percent.

Saigon Securities Inc. (SSI), the country’s largest brokerage, continued to be the most active share in volume with 2.19 million shares changing hands.

Investment and Trading of Real Estate Joint stock Company (ITC) took the second rank with 1.12 million shares traded.

Viet Nam Joint Stock Commercial Bank for Industry and Trade or Vietinbank (CTG) tagged along with 1.04 million shares changing hands.

Bien Hoa Sugar Joint Stock Company (BHS) and Danang Rubber Joint Stock Company (DRC) both jumped 5 percent to VND31,500, and VND33,600 respectively.

Sugar producer Société De Bourbon Tay Ninh (SBT) reversed 4.96 percent to VND12,700.

Tiles producer Taicera Enterprise Company (TCR) accelerated for three consecutive days, strengthening 4.94 percent to VND8,500.

Becamex Infrastructure Development Joint Stock Company (IJC) plunged 21.08 percent to VND13,100. The company will pay dividends with a total cost of VND164.52 billion to its current shareholders at a ratio of 30 percent.

Materials - Petrolium Joint Stock Company (COM) marched south for the second day, erasing 4.85 percent to VND31,400.

Ca Mau Frozen Seafood Processing Import Export Corporation (CMX) extended its losing streak to the third day,  contracting 4.41 percent to VND13,000.

The smaller bourse in the north also wrapped week in green as the Hanoi’s HNX-Index soared 1.8 percent, or 1.72 points, to close at 97.36 points. Around 28 million shares changed hands at a value of VND442 billion.

By Thuy Doan

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