Stocks on rising momentum

The Vietnam’s stock market advanced for a second trading session on May 11 as several blue-chip stocks gained ground thanks to strong cash flow.

The Vietnam’s benchmark Vn-Index jumped 9.01 points, or 1.49 percent, to close at 614.6 points with 153 winners, 75 losers while 79 stocks remained unchanged. Trading volume nearly touched 163 million shares worth roughly VND3.44 trillion.

The VN30-Index, which tracks the movements of the 30 leading shares by market capitalization and liquidity on the Ho Chi Minh City Stock Exchange, rallied 7.4 points, or 1.22 percent, to 611.96 points.

Trading volume was nearly at 38 million shares worth more than VND873 billion.

The HNX-Index of the smaller bourse in the north edged up 0.21 points to 80.41 points. There were 106 stocks increasing, 90 decreasing, and 188 treading water. Trading volume reached 40 million shares worth VND456 billion.

The HNX30-Index added up 0.72 points, or 0.5 percent, to 143.27 points. Trading volume exceeded 13.8 million shares worth about VND129 billion.

The UpCoM-Index surged 0.94 points, or 1.7 percent, to 56.47 points. Trading volume was more than 6.5 million shares worth VND72 billion.

In related news, the price of gold in Vietnam rose VND150, 000 per tael on May 11. Saigon Jewelry Company bought gold at VND33.83 million per tael and sold at VND34.03 million per tael.

By Nhung Nguyen – Translated by Thuy Doan

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