Bull returns to Vietnam’s stock market

The VN-Index of 224 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange edged up on April 21 as investors regained their appetites for blue-chips.

Vietnam’s benchmark climbed 4.5 points, or 0.87 percent, to 519.7. Around 56.6 million shares, worth VND2.11 trillion, were changed hands.

On the city bourse, 128 stocks gained, 61 fell, and 39 remained unchanged.

620 Chau Thoi Concrete Corporation (BT6), which rose the maximum daily allowed limit of 5 percent to VND84,000, led the big gainers.

Cuu Long Pharmaceutical Joint Stock Corporation (DCL) surged by 4.96 percent to VND63,500.

Cuongthuan Investment Corporation (CTI), Chuong Duong Beverages Joint Stock Company (SCD), and Ma San Group Corporation (MSN) all added up 4.94 percent.

Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) topped the list of the most active stock in volume with 2.61 million shares.

Le Ba Lien, deputy director of the company, registered to sell 7,590 shares from April 21 to June 18, reducing his holdings to 6,325 shares, which accounts 0.037 percent of the company’s chartered capital, for personal matters.

Petrovietnam General Services Js Corporation (PET) followed with 1.87 million shares. Saigon Commercial Bank or Sacombank (STB) came next with 1.81 million shares.

H.A.I Joint Stock Company (HAI), which produces and trades fertilizers and pesticides, was the biggest loser, seeing its share value 4.89 percent down.

Other big losers included Duc Thanh Wood Processing Joint Stock Company (GDT), Cuchi Commercial and Industrial Developing Invesment Joint Stock Company (CCI), and Da Nang Contruction Building Materials and Cement Joint Stock Company (DXV).

Dinh Van Hung, chairman of the Board of Directors of Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM), registered to sell all his holdings of 100,009 shares from April 20 to June 20 for personal financial demand.

Hanoi’s HNX-Index rose by 3.92 points, or 2.25 percent, to 177.86. Trading volume reached 59.8 million shares, worth VND2.34 trillion.

The UPCoM-Index gained 0.24 points. A total of 213,089 shares was traded at VND2.93 billion.

By Thien Trung

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