VN-Index maintains upbeat sentiment

Vietnam’s benchmark VN-Index climbed to a six-month high on January 20 with support mainly from some large caps, including Bao Viet Holdings (BVH), Ma San Group Corporation (MSN), and PetroVietnam Finance Joint Stock Corporation (PVF).

The gauge of 279 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange enhanced 1.2 percent, or 6.07 points, to finish at 511.98 points.

Among the index members, 99 advanced, 119 dropped, while 66 remained unchanged.

Trading volume on the city bourse slightly slid over the previous trading session as around 41.2 million shares changed hands at a value of VND1.06 trillion this morning.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) was the most active share in volume with 1.57 million shares changing hands.

It was followed by Saigon Securities Inc. (SSI), the country largest brokerage, with 1.42 million shares changing hands.

Tan Tao Investment Industry Corporation (ITA) finished third with 1.41 million shares traded.

Huu Lien Asia Corporation (HLA), Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC), and Vung Tau Real Estate and Construction Joint Stock Company (VRC) all jumped the daily maximum allowed limit of 5 percent to VND12,600, VND46,200, and VND31,500 respectively.

Binh Thuan Hamico Mineral Joint Stock Company (KSA) rebounded the first time in five days, building up 4.99 percent to VND42,100.

Dien Quang Joint Stock Company (DQC) and Thanh Cong Textile Garment Investment Trading Joint Stock Company (TCM) both escalated 4.98 percent to VND27,400 and VND23,500 respectively.

Truong Long Engineering and Auto Joint Stock Company (HLT) slumped 5 percent to VND22,800.

Vien Dong Pharmaceutical Joint Stock Company (DVD) moved backward for three consecutive days, decreasing 4.96 percent to VND34,500.

Royal International Corporation (RIC) capped its five-straight-trading-session winning streak, erasing 4.74 percent to VND18,100.

Meanwhile, the smaller bourse in the north headed for three days in a row as the Hanoi’s HNX-Index dipped 0.23 percent, or 0.25 points, to close at 107.02 points. Trading volume continued falling down as nearly 21.5 million shares were traded at nearly VND394.8 billion.

The UPCoM-Index edged up 0.97 points to 44.77 points. A total of 190,000 shares changed hands at VND1.96 billion as of 11:20am local time.

By Thuy Doan

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