VN-Index closes week with third day of gains

With investors’ confidence seeming to return, the benchmark VN-Index was up for a third day in a row November 13.

The measure of 181 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange rose 2.23 points, or 0.41 percent, to 548.21.

Trading volume was at around 48.5 million shares worth VND2.4 trillion (US$134.3 million) as 94 shares rose, 62 fell, and 29 remained unchanged.

The three most active stocks were Sacombank with 2.13 million shares changing hands as it gained 0.58 percent to close at VND86,000.

Eximbank, which remained unchanged, came next with 1.84 million shares, followed by the HCM City-based Tan Tao Investment Industry Corp. with 1.74 million shares. The latter closed up 2.53 percent at VND44,600.

The gainers were led by the Hanoi-based Petrolimex Gas Joint Stock Co., the HCM City-based Transforwarding Warehousing Joint Stock Corp, and Truong Thanh Furniture Corp. based in the southern Binh Duong Province. All gained by the maximum 5 percent allowed in a session.

Sugar stocks enjoyed a bullish trend as Bien Hoa Sugar Joint Stock Co. based in the southern Dong Nai Province rallied 4.66 percent to VND36,500 and Bourbon Tay Ninh Joint Stock Co. in nearby Tay Ninh Province added 2.21 percent to VND13,600.

Rubber stocks also continued to perform well. Hoa Binh Rubber Joint Stock Co., Tay Ninh Rubber Joint Stock Co., and Dong Phu Rubber Joint Stock Co. all stayed in the green after sharp gains the previous day when rubber futures in Tokyo climbed to their highest level in 13 months after gold rallied to a record for a second day, boosting speculation that demand for commodities will grow.

But Hanoi’s HNX-Index fell to 183.64 after losing 0.40 percent or 0.73 points. Nearly 22.8 million shares worth VND973 billion changed hands.

The UPCoM-Index gained 0.83 points or 1.26 percent to 66.93 as 93,615 shares were traded for VND1.04 billion.

US stocks finished near their worst levels of the day Thursday, with the Dow industrials logging their first drop in seven sessions to finish at 10,197.47, as a stronger dollar and a drop in crude oil prices took their toll on the energy sector.

By Dong Nghi

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