Bull returns to Vietnam’s stock markets

Ho Chi Minh City stocks on April 1 recovered as investors were back in a buying mood after selling off yesterday.

The index of 216 companies and four mutual funds finished at 508.18, gaining 1.79 percent, or 8.94 points. Around 53.6 million shares, worth 2.49 trillion changed hands.

Of the index, 162 shares advanced, 24 fell, and 34 were unchanged.

Hanoi-based technology company CMC Corporation (CMG), which closed up the maximum daily allowed limit of 5 percent to VND23,100, was the biggest gainer. Next were House Viet Nam Joint Stock Company (NVN), which increased 4.97 percent to VND31,700, and Truong Thanh Furniture Corporation (TTF), which moved up 4.93 percent to VND31,900.

Saigon Commercial Bank or Sacombank (STB) topped the list of the most active stocks in value as more than 2.47 million shares were traded. Saigon Security Inc. (SSI) came next with 1.74 million shares. The country’s largest brokerage added up 1.16 percent to VND43,700.

Dien Quang Joint Stock Company (DQC) followed with 1.51 million shares traded up 2.7 percent to VND57,000.

Decliners on the southern bourse were led by Sai Gon Telecommunication & Technologies Corporation (SGT), Van Phat Hung Corporation (VPH), and Techno - Agricultural Supplying Joint Stock Company (TSC).

The northern bourse also recovered as Hanoi’s HNX-Index rose 3.27 points, or 2.04 percent, to 163.82. Trading volume reached 21.8 million shares, worth VND764.4 billion.

The UPCoM-Index fell 0.33 points to close at 44.59. A total of 188,910 shares changed hands at VND2.81 billion.

By Thuong Nhan

Other news