Large-caps continue to buoy market

Vietnam’s benchmark VN-Index advanced for eight straight trading sessions on January 21 to finish an impressive full-week rally at eight-month high as banking stocks, and Bao Viet Holdings (BVH), and Ma San Group Corporation (MSN) continued to buoy the market.

The gauge of 279 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange jumped 1.47 percent, or 7.52 points, to wrap week at 519.5 points.

Among the index members, 92 increased, 118 declined, while 74 remained unchanged.

Trading volume on the city bourse slightly recovered over the previous trading session as nearly 47 million shares changed hands at a value of VND1.27 trillion this morning

Saigon Securities Inc. (SSI), the country largest brokerage, ranked first in the list of most active shares in volume with 2.5 million shares changing hands.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) followed by with 1.76 million shares changing hands.

Viet Nam Joint Stock Commercial Bank for Industry and Trade (CTG) came next with 1.4 million shares traded.

Song Da Urban & Industrial Zone Investment and Development Joint Stock Company (SJS) rebounded 4.92 percent to VND64,000.

Hamico Group Mineral Joint Stock Company (KSH) reversed 4.86 percent to VND36,700.

Ngo Han Joint Stock Company (NHW) edged up 4.85 percent to VND17,300.

Seaprodex Refrigeration Industry Corporation (SRF) plunged the daily maximum allowed limit of 5 percent to VND26,600.

Long Hau Corporation (LHG) collapsed 4.97 percent to VND42,100.

Vien Dong Pharmaceutical Joint Stock Company (DVD) retreated the fourth day, shrinking 4.93 percent to VND32,800.

Meanwhile, the smaller bourse also finished in green as the Hanoi’s HNX-Index added up 0.79 percent, or 0.85 points, to close at 107.87 points. Trading volume has not improved as nearly 26.8 million shares were traded at nearly VND481.97 billion.

The UPCoM-Index subtracted 0.87 points to 43.92 points. A total of 108,860 shares changed hands at VND1.46 billion.

By Thuy Doan

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