VN-Index approaches 990 points

SGGP
The Vietnam’s stock market maintained rising trend on February 21 as blue-chip stocks strongly jumped at the end of the trading session.

VN-Index approaches 990 points

Despite profit-taking pressure from ACB, CTG, EIB, KDC and TPB stocks, the cash flow poured into the market at the end of the trading session, causing large cap stocks, including VHM, VIC, VRE, MSN, VNM and SAB rocket heavily.
The VN-Index, a gauge of 346 companies and mutual funds on the Ho Chi Minh City Stock Exchange, rallied 16.99 points, or 1.75 percent, to close at 987.57 points with 123 stocks advancing, 170 declining and 59 standing still.
Foreign investors continued to net buy with total value of nearly VND300 billion on the market.
Meanwhile, the HNX-Index of the northern bourse sank 0.19 points, or 0.18 percent, to finish at 106.11 points. Of the index, 63 stocks were winners, 73 were losers and 64 remained unchanged.
Liquidity slightly improved compared to the previous trading session with total trading volume of 210.8 million shares worth roughly VND5 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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