Stocks open week in green

Vietnam’s benchmark VN-Index unexpectedly jumped the most in three months on December 5 as local investors rushed to buy on speculation that stocks were of low values.

The shares of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange leaped forward 1.9 percent, or 7.31 points, to close at 391.19 points.

Among the index members, 220 advanced, 42 retreated, while 44 remained unchanged.

Trading on the city bourse improved by 38 percent in volume, and 18 percent in value over the previous day as around 35 million shares changed hands at a total value of VND494 billion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, was the most active share in volume with 1.85 million shares changing hands.

Ocean Group Joint Stock Company (OGC) followed with 1.61 million shares.

Refrigeration Electrical Engineering Corporation (REE) came in third with 1.4 million shares traded.

Viky Plastic Joint Stock Company (VKP) grew 9.09 percent to close at VND1,200.

South Vietnam Container Shipping Joint Stock Company (VSG) rebounded 5.88 percent to VND1,800.

Basa Joint Stock Company (BAS) strengthened 5.26 percent to VND2,000.

Savimex Corporation (SAV) declined for five consecutive trading sessions, dumping 4.91 percent to VND15,500.

Phat Dat Corporation Real Estate Development (PDR) cropped 4.89 percent to VND17,500.

Ninh Hoa Sugar Joint Stock Company (NHS) removed 4.85 percent to close at VND31,400.

Meanwhile, Hanoi’s HNX-Index of the smaller bourse in the north soared 2.9 percent, or 1.79 points, to close at 63.47 points. Trading volume doubled that of the previous trading session as around 43.13 million shares changed hands at a value of nearly VND391.34 billion.

The UPCoM-Index of unlisted shares escalated 2.99 percent, or 0.98 points, to 33.74 points at 1:30 pm Vietnamese time. A total of 184,400 shares changed hands at a value of VND1.69 billion.

By Thuy Doan

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