Market closes high as investors regain confidence

The VN-Index, a measure of 210 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, surpassed the 530 mark on March 12 as investors responded to positive information from the global stock markets.

The benchmark finished at 531.51 points, adding up 6.87 points, or 1.31 percent after slight correction on the previous day.

Among the index members, 118 stocks advanced, 40 fell, and 57 remained flat. Trading volume reached more than 55.9 million shares, changing hands at VND2.5 trillion.

Fuel supplier Petrolimex Gas JSC (PGC) was the biggest winner gaining 4.96 percent to VND25,400.

Other big gainers included Tan Cang Logistics and Stevedoring JSC (TCL) and Tan Tao Investment Industry Corporation (ITA), closing up 4.94 and 4.93 percent respectively. The latter will hold a shareholders’ meeting on April 16.

Hoang Anh Gia Lai JSC (HAG) topped the list of most active stocks in volume with more than 3.58 million shares traded on the city bourse. The company added 4.07 percent to VND89,500.

Tan Tao Investment Industry Corporation (ITA) came next with more than 2.72 million shares traded at VND38,300. Ho Chi Minh City Infrastructure Investment JSC (CII) which closed at VND43,900, up 4.77 percent, followed with more than 2.28 million shares.

Information and Networking Technology JSC (CMT) which gave up the maximum daily limit of 5 percent to close at VND47,500, led the losers. Next were Viky Plastic JSC (VKP), and Duc Thanh Wood Processing JSC (GDT), which manufactures, distributes and exports furniture for interior decoration.

Hanoi’s HNX-Index rose 1.75 points to finish at 173.29. More than 17.73 million shares worth more than VND575.2 billion changed hands.

UPCoM-Index also added up 0.22 points to 43.18. A total of 120,340 shares traded at VND1.6 billion.

By Hoang Nhan

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