Heavy buying keeps stocks green

The VN-Index, which tracks 216 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, rose slightly on April 6 as investors’ heavy buying prevented the index from declining.

The benchmark added 0.1 percent, or 0.54 points, to close at 515.33. Around 68.8 million shares, worth VND2.63 trillion, changed hands.

Among the index members, 84 gained, 83 fell, and 53 remained unchanged.

The biggest gainer was construction company Van Phat Hung Corporation (VPH), which closed up the daily maximum allowed limit of 5 percent to VND63,000, followed by Post and Telecommunications Investment and Construction Joint Stock Company (PTC), which gained 4.96 percent to VND12,700.

Tien Len Steel Corporation Joint - Stock Company (TLH) was next with an increase of 4.93 percent to VND31,900.

Viet Nam Tanker Joint Stock Copany (VTO) topped the list of the most active stock in volume with 3.13 million shares changing hands at VND13,100. The company’s shares finished up 3.97 percent. Tien Len Steel Corporation Joint - Stock Company (TLH) followed with 2.66 million shares. Saigon Commercial Bank or Sacombank (STB), which rose by 0.91 percent, came next with 2.19 million shares traded at VND22,200.

Losers were led by the Hanoi-based technology company, Information and Networking Technology Joint Stock Company (CMT), which gave up 4.65 percent to trade at VND61,500, followed by Full Power Joint Stock Company (FPC), Long Hau Corporation (LHG), and RangDong Plastic Joint-Stock Company (RDP).

Trading volume spiked on the smaller bourse in the north. Around 40.4 million shares changed hands at VND1.4 trillion. However, Hanoi’s HNX-Index finished at 166.72, eroding 0.28 percent, or 0.46 points.

UPCoM-Index slightly advanced 0.29 percent, or 0.13 points, to 45.04. A total of 130,320 shares were traded at VND1.5 billion.

By Thuong Nhan

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