VN-Index Exceeds 1,100 points

Small caps fell slightly while blue chips advanced at the Ho Chi Minh Stock Exchange today. By the end of the session, the VN-Index had gained 7.12 points to stand at 1,103.60. Up north in Ha Noi, the HASTC-Index added 2.51 points to close at 345.54.

By the end of the today's session, the VN-Index had gained 7.12 points to stand at 1,103.60.

Not all the big names shared in the overall rise. After one hour of trading, Sacombank (STB) had shed VND1,000 and Pha Lai Thermal Power (PPC) VND500.

Likewise, Sudico (SJS) dropped an alarming VND10,000 in the first hour but managed to reverse course and claw back VND8,000.

Other blue chips continued to perform well, with PetroVietnam Tourism and Service (PET) reaching VND99,500 and Vincom (VIC) approaching VND180,000.

So too did Vinamilk (VNM), up VND3,000, Vinh Son Hydropower (VSH), up VND2,000, and REE Technology (REE), Saigon Cables & Telecommunication Materials Joint Stock Company (SAM) and FPT Corporation (FPT), all three adding VND1,000 to yesterday’s closing prices.

Smaller caps like Domesco (DMC), Imexpharm (IMP), Tay Ninh Cable Tour (TCT) and Binh Dinh Minerals (BMC) were not so fortunate and ended down for the day.

Overall, the increasing number of buy orders shows that investors are still confident of good times ahead.

For now, support in the VN-Index could be established at the 1,100-point level, though what happens from here is anyone’s guess. Up north, the HASTC-Index could well reach 350 points in the short term. 

By Cat Tri – Translated by Kim Khanh

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