VN-Index recovers on risk-taking appetites

Stocks on the Ho Chi Minh City Stock Exchange rebounded the first time in three days on September 22 as risk-taking behavior increased on speculation that stocks were at attractively low values amid improving economic data.

Vietnam’s benchmark VN-Index, which tracks 296 companies and five closed-end funds listed on the Ho Chi Minh City Stock Exchange, resurrected 0.38 percent, or 1.69 points, to close at 449.26 points.

Across the benchmark, 184 stocks climbed, 60 retreated, while 57 remained unchanged.

Trading volume on the city bourse slightly rose over the previous day as around 46.85 million shares changed hands at a value of VND910 billion, up 11 percent.

Becamex Infrastructure Development Joint Stock Company (IJC) topped the list of most active shares in volume with 2.77 million shares changing hands.

It was followed by Pha Lai Thermal Power Joint Stock Company (PPC) with 2.2 million shares.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) ranked third with 1.74 million shares traded.

Winners on the southern trading floor included Cuu Long Fish Joint Stock Company (ACL), Kinh Bac City Development Share Holding Corporation (KBC), and Pacific Property & Infrastructure Development Joint Stock Company (PPI).

Masan Group (MSN) fell for three consecutive trading sessions, closing down the daily maximum allowed limit of 5 percent to close at VND133,000.

Cuong Thuan IDICO Development Investment Corporation (CTI) shrank 4.97 percent to VND17,200.

Materials - Petroleum Joint Stock Company (COM) ducked 4.95 percent to VND30,700.

Meanwhile, the Hanoi’s HNX-Index of the smaller bourse in the north surged the second day. The gauge of 391 companies sprang 1.13 percent, or 0.84 points, to finish at 75.44 points. Around 43.1 million shares changed hands at a value of VND496.37 billion.

The UPCoM-Index of unlisted shares also recovered 0.52 percent, or 0.16 points, to 31.19 points. A total of 119,300 shares changed hands at a value of VND691 million at 1:45 pm local time.

By Quynh Chi

Other news