VN-Index sees small rise as most blue-chips slump

Vietnam’s benchmark VN-Index on March 15 rose slightly while most blue-chips declined due to investors’ caution.

The shares of 211 companies and four close-ended funds listed on the Ho Chi Minh Stock Exchange, gained 0.35 points, or 0.06 percent, to finish at 531.86. Around 56.56 million shares, worth VND2.35 trillion changed hands.

Among the index members, 114 shares advanced, 64 fell, and 37 were unchanged.

Saigon Commercial Bank or Sacombank (STB), which lost 0.42 percent to VND23,800, was the most active stock in volume as 2.83 million shares were traded on the city bourse.

The HCM City-based Tan Tao Industrial and Investment Corp. (ITA) came next with more than 2.75 million shares changing hands, followed by Vietnam Export Import Commercial Joint Stock Bank (EIB), the only banking share that advanced today, with more than 1.64 million shares traded.

Gainers on the southern market were led by the city-based Transforwarding Warehousing Joint Stock Corporation (TMS); seafood producer Vinh Hoan Corp. (VHC), located in the Mekong Delta province of Dong Thap; the Ba Ria – Vung Tau-based Viet Nam Golf Tourism Joint Stock Company (VNG); and the Dat Xanh Real Estate Service & Construction Corporation (DXG).

They all added up the maximum daily allowed limit of 5 percent to VND33,600, VND46,200, VND10,500, and VND73,500 respectively.

The Ho Chi Minh Stock Exchange also gave the go-ahead to Vinh Hoan Corp. to list an additional 5,328,000 shares, worth VND53.28 billion.

An Phu Irradiation Joint Stock Company (APC) and wire producer Ngo Han Joint Stock Company (NHW) topped the list of losers. Both gave up 4.85 percent to VND31,400 and VND21,600.

Next were Godaco Seafood Joint Stock Company (AGD) and Ha Tien Transport Joint Stock Company (HTV).

Meanwhile, the smaller bourse in the north failed to maintain the rising trend as the HNX-Index fell 0.13 points, or 0.07 percent, to close at 173.32.

Trading volume reached more than 35.85 million shares, worth VND1.2 trillion.

The UPCoM-Index rose 0.01 points, or 0.02 percent, to finish at 43.12. A total of 121,759 shares were traded at VND1.4 billion.

By Sao Khue

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