VN-Index surpasses 970 points

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Although the number of losing stocks took the upper hand on the market, the Vietnam’s benchmark VN-Index still managed to surpass 970 points on February 20 thanks to rallying blue-chip stocks, including VRE, SAB, HPG, BID and VHM.

VN-Index surpasses 970 points

In addition, foreign investors continued to net buy for nine consecutive trading sessions with total value of VND262 billion.
The VN-Index, which tracks the movement of 346 stocks and mutual funds listed on the Ho Chi Minh City Stock Exchange, gained 6.23 points, or 0.65 percent, to close at 970.58 points. There were 136 stocks winning, 152 losing and 58 remaining unchanged.
HNX-Index of the smaller bourse in the north edged up 0.09 points, or 0.09 percent, to close at 106.3 points with 71 stocks climbing, 77 falling and 65 treading water.
Total trading volume on both trading floors hit 201 million shares worth VND4.4 trillion.
On the same day, the price of gold strengthened VND200,000 per tael (1.2 ounces) compared to the previous day to stand above VND37 million per tael.
Saigon Jewelry Company, the largest gold trader and producer in Vietnam, bought the precious metal at VND36.95 million per tael and sold at VND37.15 million per tael as of 4.30 p.m, an increase of VND150,000 per tael in both buying and selling prices.
At the same time, Hanoi-based DOJI Gems Group listed buying price of SJC’s gold at VND37.08 million per tael, up VND180,000 per tael and selling price at VND37.18 million per tael, up VND200,000 per tael.
On the global market, gold for immediate delivery moved up US$17 per ounce to trade at $1,346 an ounce.

By Nhung Nguyen – Translated by Thuy Doan

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