Green returns to Vietnam’s stock market

Vietnam’s benchmark VN-Index recovered on March 18, gaining 1.74 percent or 8.88 points as demand returned to the market.

The index of 212 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange finished at 519.73. Around 46.3 million shares changed hands at VND2.12 trillion, the lowest level in eight sessions.

Of the index, 164 stocks rallied, 22 fell, and 30 were unchanged.

The list of gainers was led by Vinpearlland Tourism Joint Stock Company (VPL), Ho Chi Minh City Securities Corporation (HCM), and Refrigeration Electrical Engineering Corporation (REE). They all added up the maximum daily allowed limit of 5 percent to VND42,000, VND63,000, and VND52,500 respectively.

Saigon Securities Inc. (SSI) was the most active stock in volume with more than 3.93 million shares traded at VND90,500. The largest brokerage in Vietnam closed up 2.84 percent.

It was followed by Saigon Commercial Bank, or Sacombank (STB), which saw 2.02 million shares change hands at VND22,900. Its shares remained flat from yesterday.

Kinh Bac City Development Share Holding Corporation (KBC), located in the northern province of Bac Ninh, came next with 1.94 million shares traded at VND61,000, or 4.27 percent up from yesterday.

Saigon Beverages Joint Stock Company (TRI), which lost by the maximum allowed 5 percent to VND7,600, topped the list of losers.

Ben Tre Forestry and Aquaproduct Import Export Joint Stock Company (FBT), the biggest gainer yesterday, was next with a loss of 4.7 percent in the shares’ value to VND14,200; followed by Can Don Hydro Power Joint Stock Company (SJD), which slid 4.57 percent to VND20,900.

The smaller bourse in the north also recovered as Hanoi’s HNX-Index rose by 1.41 percent, or 2.37 points, to close at 170.59. Around 29.6 million shares worth more than VND1 trillion changed hands.

UPCoM-Index rose by 1.11 percent, or 0.49 points, to 44.78. A total of 38,457 shares traded at VND476.5 million.

By Dong Nghi

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