VN-Index closes week with small rise

Vietnam’s benchmark VN-Index slightly recovered to wrap week in green on April 8 as several blue-chip stocks unexpectedly rebounded.

The gauge of 283 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange edged up 0.17 percent, or 0.8 points, to close at 464.29 points.

Among the index members, 89 rallied, 117 retreated, while 82 remained unchanged.

Trading on the city bourse dropped by 26 percent in volume and 33 percent in value over the previous trading session as nearly 20.31 million shares changed hands at a value of VND465 billion.

Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) won the spot of most active share in volume with 1.48 million shares changing hands.

Sai Gon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) fell to second rank  with 851,500 shares.

Saigon Securities Inc. (SSI), the country’s largest brokerage, followed with 640,310 shares traded.

Ca Mau Trading Joint Stock Company (CMV) jumped 5 percent to close at VND23,100.

Sacom Development and Investment Corporation (SAM) climbed 4.96 percent to VND14,800.

South Logistics Joint Stock Company (STG) strengthened 4.91 percent to VND23,500.

Rangdong Light Source and Vacuum Flask Joint Stock Company (RAL) collapsed 5.91 percent to VND17,500. The company will spend VND13.8 billion on paying dividends for the second term of 2010 to its current shareholders in cash at a ratio of 12 percent since April 28.

Ha Tien 1 Cement Joint Stock Company (HT1), Truong Long Auto & Technology Joint Stock Company (HTL), and Hai Van Cement Joint Stock Company (HVX) all plummeted 5 percent to VND7,600, VND13,300, and VND5,700 respectively.

Binh Dinh Minerals Company (BMC) closed down 4.97 percent to VND28,700.

The Hanoi’s HNX-Index of the smaller in the north slid 0.51 percent, or 0.46 points, to close at 90.26 points. Trading volume fell by 4.5 million shares over the previous trading session as more than 17 million shares worth VND257.47 billion changed hands.

Meanwhile, the UPCoM-Index of unlisted shares contracted 0.38 points to 36.89 points this morning. A total of 65,800 shares changed hands at a value of VND716 million.

By Da Nguyet

Other news