VN-Index slightly bounces

Vietnam’s benchmark VN-Index slightly recovered on April 15 as most blue-chip stocks rallied. However, trading volume remained low as investors were still wary.

The shares of 283 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange revived 0.07 percent, or 0.33 points, to close at 460.96 points.

Among the index members, 51 increased, 157 decreased, while 80 remained unchanged.

Trading volume on the city bourse slightly improved over the previous trading session as nearly 24.5 million shares changed hands at a value of VND524 billion.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) led the list of most active shares in volume with 1.99 million shares changing hands.

Saigon Securities Inc. (SSI), the country’s largest brokerage, continued tagging along with 1.63 million shares.

Transport Engineering Construction & Business Investment Joint Stock Company 584 (NTB) finished third with 777,900 shares traded.

Savimex Corporation (SAV) rebounded 4.76 percent to close at VND33,000.

Masan Group (MSN) climbed the second day, gaining 4.6 percent to VND91,000.

Hang Xanh Motors Service Joint Stock Company (HAX) snapped its four-day losing streak, reversing 4.35 percent to VND12,000.

Tan Binh Import Export Joint Stock Corporation (TIX) slashed 49.62 percent to VND19,900. The company will advance dividends to its current shareholders for the second term of the year 2010 in cash at a ratio of 15 percent since May 4. It will also use 12 million bonus shares to reward its current shareholders at a ratio of 1:1 to raise its chartered capital.

Vung Tau Construction & Real Estate Joint Stock Company (VRC) sank for three consecutive days, erasing 27.36 percent to VND15,400.

Ha Do Group Joint Stock Company (HDG) tumbled 5 percent to VND66,500.

The Hanoi’s HNX-Index of the smaller in the north retreated 1.22 percent, or 1.09 points, to close at 87.98 points. Trading volume rose over the previous trading session as 22.46 million shares worth VND319 billion changed hands.

Meanwhile, the UPCoM-Index of unlisted shares gained 0.51 points to 36.72 points this morning. A total of 410,000 shares changed hands at a value of VND8.3 billion.

By Que Chi

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