Stocks open week in light note

Stocks on Ho Chi Minh City Stock Exchange unexpectedly rebounded at the end of the trading session to extend its winning streak to twelve consecutive days, sending the Vietnam’s benchmark VN-Index to a four-month high on September 12.

The measure, which tracks 295 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange, grew 0.65 percent, or 3.01 points, to close at 462.93 points.

Among the benchmark members, 143 advanced, 91 declined, while 66 remained unchanged.

Trading on the city bourse improved by 10 percent in volume and 20 percent in value over the previous trading session as 52.2 million shares changed hands at a value of VND863 billion.

Hoang Quan Consulting - Trading - Service Real Estate Corporation (HQC) was the most active share in volume with 2.67 million shares changing hands.

Saigon Securities Inc. (SSI), the country’s largest brokerage, tailed after with 2.31 million shares, followed by Becamex Infrastructure Development Joint Stock Company (IJC) with 1.46 million shares traded.

Nam Viet Corporation (ANV), Taya Vietnam Electric Wire and Cable Joint Stock Company (TYA), and Urban Development & Construction Corporation (UDC) was the biggest gainers on the city bourse today. They all accelerated 5 percent to, VND8,400, VND4,200, and VND6,300 respectively.

Domesco Medical Import Export Joint Stock Corporation (DMC) and Hamico Mineral Group (KSH) both climbed 4.98 percent to close at VND25,300, and VND21,100 respectively.

DIC Investment & Trading Joint Stock Company (DIC) rebounded 4.95 percent to VND10,600.

Dat Xanh Real Estate Service & Construction Corporation (DXG) nosedived 14.29 percent to VND16,200. The company will issue 16 million shares to raise its chartered capital from VND160 billion to VND320 billion. Its current shareholders are allowed to buy shares at a ratio of 16:10 and a price of VND10,000 per share.

Water Supply Sewerage Construction & Investment Joint Stock Company (VSI) subsided 6.85 percent to VND6,800.

HAI Agrochem Joint Stock Company (HAI) snapped its three-day winning run, cutting 5 percent to VND22,800.

The HNX-Index of the smaller bourse in the north regained 2.28 percent, or 1.75 points, to close at 78.53 points. Trading volume increased by 7 million shares to nearly 67.4 million shares worth VND806.71 billion.

Meanwhile, the UPCoM-Index of unlisted shares mounted 1.34 percent, or 0.42 points, to 31.68 points. A total of 196,514 shares changed hands at a value of VND1.01 billion at 11:30 am local time.

By Thuy Doan

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