VN-Index rises, lifted by blue-chip stocks

Vietnam’s benchmark VN-Index opened week in light note on October 10 as large-cap stocks rebounded although losers doubled gainers.

The measure of 297 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange regained 0.41 percent, or 1.7 points, to close at 419.66 points.

Of the index, 76 stocks rallied, 142 fell, while 84 remained unchanged.

Trading on the city bourse dropped by 30 percent in both volume and value over the previous day as around 22.78 million shares changed hands at a total value of VND358 billion.

IDICO - Petroleum Trading Construction Investment Joint Stock Company (PXL) was the most active share by volume with 1.03 million shares changing hands.

Becamex Infrastructure Development Joint Stock Company (IJC) followed with 957,110 shares.

Vietnam Commercial Joint Stock Export Import Bank or Eximbank (EIB) took the third place with 833,660 shares traded.

Tai Nguyen Corporation (TNT) built up 5 percent to close at VND10,500.

NBB Investment Corporation (NBB) recovered 4.95 percent to VND48,800.

Hang Xanh Motors Service Joint Stock Company (HAX) revived 4.84 percent to VND6,500.

Beton 6 Corporation (BT6) nosedived 5.5 percent to VND10,300.

AgriBank Securities Joint-Stock Corporation (AGR), Lu Gia Mechanical Electric Joint Stock Company (LGC), and Lix Detergent Joint Stock Company (LIX) all slumped 5 percent to VND7,600, VND26,600, and VND36,100 respectively.

Bank for Investment & Development of Vietnam Securities Company (BSI) sank 4.94 percent to VND7,700.

Meanwhile, the Hanoi’s HNX-Index of the smaller bourse in the north plummeted 1.45 percent, or 1.04 points, to finish at 70.46 points. Around 24.87 million shares changed hands at a value of VND247 billion.

The UPCoM-Index of unlisted shares shattered 0.23 percent, or 0.07 points, to 30.53 points at 2:30 pm local time with a total of 184,510 shares changed hands at a value of VND1.01 billion.

By Thuy Doan

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