Upbeat sentiment closes market high

Vietnam’s benchmark VN-Index continued to climb on April 16 after surpassing 520 yesterday as investors’ buying mood returned.

The shares of 221 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange finished at 522.03, gaining 0.1 percent, or 0.54 points. Trading volume reached 63.1 million shares, worth VND2.44 trillion.

On the city bourse, 108 stocks advanced, 84 declined, and 33 were unchanged.

Cuchi Commercial and Industrial Developing Investment Joint Stock Company (CCI), and construction company Van Phat Hung Corporation (VPH) led the winners on the southern bourse. Both added up the maximum daily allowed limit of 5 percent to VND37,800, and VND63,000 respectively.

Cavico Viet Nam Mining and Construction Joint Stock Company (MCV) rose by 4.99 percent to VND35,800.

Fuel supplier Petrovietnam General Services Js Corporation (PET), which closed up 4.95 percent to VND29,700, won the position of the most active stock in volume with 2.38 million shares, followed by the Hanoi-based Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) with 1.58 million shares.

Vinh Son - Song Hinh Hydropower Joint Stock Company (VSH), which located in the coastal central province of Binh Dinh, was next with 1.46 million shares.

Losers on the city bourse included Ba Ria – Vung Tau House Development Joint Stock Company (HDC), An Phu Irradiation Joint - Stock Company (APC) located in Binh Duong Province, and Sieu Thanh Joint Stock Corporation (ST8), which traded office stationery, and industrial machines and equipment.

Pham Thi Mai Duyen, deputy chairwoman of the Sieu Thanh Corp’s Board of Directors, registered to buy 564,102 shares from April 19 to 24, to increase her holding ratio.

The shares on the smaller bourse in the north also edged up as the HNX-Index surged by 0.74 points, or 0.43 percent, to 172.6. Around 48.7 million shares, worth more than VND1.72 trillion changed hands.

The UPCoM-Index rose by 1.73 points to 44.35. A total of 247,864 shares traded at VND3.48 billion.

By Thuy Doan

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