VN-Index rebounds to above 500

As demand has improved, the VN-Index easily climbed to the psychological mark of 500 points on August 19 after two previous straight declines thanks to positive information from global stock markets.

The VN-Index, a measure of 166 companies and four closed-end funds, gained 8.77 points, 1.76 percent, to close at 508.46.

Among the index members, 146 advanced, nine fell and 15 remained unchanged with the total trading volume reaching 46.7 million shares, worth VND1.84 trillion.

One more real estate company made its debut on the Ho Chi Minh Stock Exchange this morning. The Development Investment Construction Corp. (DIG) listed 60 million shares at VND55,000 per share.

DIG rose as much as VND11,000, 20 percent, to VND66,000 with 2,100 shares changing hands.

Meanwhile, leading shares, including STB, REE, SAM, PVF, FPT, and VNM slightly surged but trading remained thin.

The smaller bourse in Hanoi advanced slightly at 2.54 points, 1.62 percent, to 158.95, with 25 million shares traded, worth VND782 billion.

With trading volume reaching 41,500 shares, worth VND445.8 million, the UpCoM-Index lost 0.32 points, 0.37 percent, to close at 85.43.

Compile by Ngoc Thien

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