Stocks gain four days in a row

Vietnam’s benchmark VN-Index advanced for four straight days on April 29, 2010 as penny-chips won investors’ appetite.

The shares of 224 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange rose by 0.58 percent, or 3.17 points, to 542.37. Trading volume reached 74.87 million shares, worth VND2.85 trillion.

On the index, 125 shares gained, 61 dropped and 42 remained unchanged.

Post and Telecommunications Investment and Construction Joint Stock Company (PTC), Hoa An Joint Stock Company (DHA), and H.A.I Joint Stock Company (HAI), which rose by the daily maximum allowed limit of 5 percent to VND21,000, VND52,500, and VND42,000 respectively, were the biggest gainers on the city bourse.

Electronic equipments producer Alphanam Joint Stock Company (ALP) and seafood producer NTACO Company (ATA) traded at VND23,200 and VND31,600 respectively. Both added up 4.98 percent.

Investment and Trading of Real Estate Joint stock Company (ITC) was the most active stock in volume with 2.51 million shares being traded.

Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) was next with 2.25 million shares, followed by Saigon Commercial Bank or Sacombank (STB) with 2 million shares.

Big losers in the southern market included Vegetable Oil Packing Joint Stock Company (VPK), South Vietnam Container Shipping Joint Stock Company (VSG), and Lu Gia Mechanical Electric Joint Stock Company (LGC).

Investors’ optimistic psychology helped the smaller bourse in the north performed well as the Hanoi’s HNX-Index gained 3.13 points, or 1.77 percent, to 176.69. Around 52.29 million shares, worth VND1.96 trillion, were changed hands.

The UPCoM-Index also rose by 1.79 points to finish at 47.2. Nearly VND5.64 billion was spent to trade a total of 307,340 shares.

Vietnam’s stock markets close on Friday (April 30), and Monday (May 3) on the occasion of the 35 th anniversary of National Reunification Day, and the International Workers’ Day, and will open again on May 4.

By Thuy Doan

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