VN-Index Exceeds 1,100

The VN-Index rose by 5.3 points to end up at 1,104.61 at the Ho Chi Minh Stock Exchange Friday thanks to gaining shares at some giant firms including FPT Corporation (FPT), Sudico (SJS) and Petro Vietnam Drilling Well Services (PVD).

 Sacombank (STB), Pha Lai Thermo Power (PPC), and REE Technology (REE) continued their bullish trend and remained at their reference prices.  Specifically, 2.1 million STB shares were matched while 700,000 others went begging.

While most big caps did not perform well, Vinamilk (VNM) bucked the trend by gaining VND4,000, which helped the stock market to move upwards.

Newcomer Vitaco (VTO) surprised investors when 990,000 shares found new owners – becoming the second biggest turnover on the bourse.

Another newcomer Vung Tau House Development (HDC) attracted investors’ great attention with over 123,000 shares matched yesterday. The fact that VTO rose by VND3,000 and HDC went  limit up by VND4,500 was considered by purchasers as a successful deal.

Ever since Binh Dinh Minerals (BMC) was recently approved by the Government to exploit titanium in Nam De Gi in the central Binh Dinh province, it has attracted massive interests, managing to mobilize 81VND billion.

Meanwhile, Tay Ninh Cable Tour (TCT) and Hang Xanh Auto (HAX) went limit up whereas Lam Dong Minerals and Building Materials (LBM), Vien Lien (UNI) and Sai Gon Hotel (SGH) nudged up pretty sharply.

Experts predict the index will fluctuate around this 1,100 threshold next week.

By Ba Tan, Cat Tri – Translated by Phuong Lan

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