Market closes week high on upbeat sentiment

The VN-Index, a measure of 210 companies and four closed-end funds listed on the Ho Chi Minh Stock Exchange, headed for a three-day straight rally on March 5 as US stock markets hit 10,400 points again yesterday.

The benchmark gained 0.28 percent, or 1.48 points, to close at 513.39. Around 45.56 million shares, worth more than VND2 trillion were traded.

Of the index, 105 shares advanced, 54 fell, and 55 remained unchanged.

The gainers were led by mineral exploiter Hamico Group (KSH), which added up the maximum daily limit of 5 percent to VND52,500.

Next were wire producer Ngo Han JSC (NHW), Phuoc Hoa Rubber JSC (PHR), and Saigon Beverages JSC (TRI), which all closed up by the maximum allowed 5 percent to VND21,000, VND39,900, and VND6,300 respectively.

Cables and Telecommunications Material JSC (SAM) was the most active share in volume with more than 2.19 million shares traded at VND31,000, followed by Refrigeration Electrical Engineering Corporation (REE) with more than 2.03 million shares, and Hoang Anh Gia Lai JSC (HAG) with more than 2 million shares.

Khang Dien House Trading and Investment JSC (KDH), which led the decliners, gave up 4.94 percent to close at VND42,300. Masan Group Corp (MSN) lost 4.19 percent to VND41,200.

Hanoi’s HNX-Index rose 1.8 points to 170.16. Around 31.6 million shares, worth more than VND1.12 trillion changed hands.

The UPCoM-Index added 0.16 points, to 45.38. A total of 84,350 shares traded at VND946.38 million.

By Hoang Nhan

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