VN-Index slowly approaches 520 points

Stocks on the Ho Chi Minh Stock Exchange rose by 0.02 percent on April 8 as penny-chips’ rally was just able to push the index a little while most blue-chips were sold heavily.

Vietnam’s major stock exchange VN-Index of 218 companies and four mutual funds gained 0.11 points to close at 515.93. Around 55.89 million shares, worth VND2.06 trillion, were traded.

Of the index’s 222 members, 103 stocks advanced, 80 dropped, and 39 were unchanged.

Sea & Air Freight International (SFI), located in Ho Chi Minh City’s District 4, was the biggest gainer. The company’s shares rose by 4.99 percent to VND35,800.

Other big gainers were Idico Urban and House Development Joint Stock Company (UIC), and Rangdong Light Source and Vacuum Flask Joint Stock Company (RAL), which close up 4.95 and 4.93 percent to VND23,300 and VND31,900 respectively.

Sugar maker Société De Bourbon Tay Ninh (SBT) was the most active stock in volume as more than 3.45 million shares were changed hands today. The company’s shares upped 4.65 percent.

Petrovietnam General Services Js Corporation (PET), which added up 3.38 percent today, followed with 1.49 million shares being traded. Saigon Security Inc. (SSI) came next with 1.42 million shares. The largest brokerage in Vietnam closed down 0.23 percent to VND43,300.

General Materials Biochemistry Fertilizer Joint Stock Company (HIS), which gave up 6.62 percent, led the list of losers. Next were Long An Food Processing Export Joint Stock Company (LAF), which lost 4.76 percent to VND30,000, and Hoang Long Group (HLG), which dropped 4.64 percent to VND26,700.

Hanoi’s HNX-Index rose 2.42 points, or 1.44 percent, to 170.62. Liquidity on the northern bourse remained high with 51.14 million shares being traded at VND1.79 trillion.

The UPCoM-Index finished at 42.71 points, losing 1.92 points, or 4.3 percent. Around VND4.3 billion was spent to trade 334,238 shares.

By Ngoc Thien

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