Blue Chips Bolster VN-Index

Increasing buy orders on blue-chip stocks helped push the VN-Index up 5.58 points to end up at 1,068.78 in this morning’s session, a gradual recovery from last session’s stumbles.

The VN-Index ends up at 1,068.78 in this morning's session

Blue chips regained much of their strength and started leading the market up.

Pha Lai Thermal Power (PPC), Vinamilk (VNM) and Vinh Son Hydropower (VHS) made astonishing gains, over 4 percent each.

PPC and other power firms also saw strong gains. VHS shares increased by VND1,500 while prices for stocks in Khanh Hoa Power (KHP) and Ry Ninh II Hydroelectric (RHC) both also rose limit up.

It was a similar tale for Saigon Cables & Telecommunications Materials (SAM), Thanh Cong Textile Garment (TCM), Schenker-Gemadept Logistics (GMD), Petro Vietnam Drilling and Well Services (PVD) and Vincom (VIC).

But the three shares attracting most investors’ attention actually shed value this morning: Sacombank (STB), REE Technology (REE) and Saigon Securities (SSI).

STB dropped VND500 with 940,000 shares changing hands. And, despite a series of new projects bearing fruit, investor shunned REE causing its shares’ price to fall by VND1,000.

Nonetheless, buy orders on SSI suddenly surged as the session drew to a close, suggesting bullish sentiments for upcoming sessions.

Reported by Tuong Chau – Translated by Thuy Hang

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