VN-Index surpasses 500

Vietnam’s benchmark VN-Index advanced at the steepest pace since the beginning of this year on January 19 with support from large caps.

The gauge of 279 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange soared 1.7 percent, or 8.48 points, to finish at 505.91 points.

Among the index members, 103 climbed, 91 retreated, while 90 remained unchanged.

Trading volume on the city bourse recovered over the previous trading session as around 42.88 million shares changed hands at a value of VND1.14 trillion this morning.

Saigon Securities Inc. (SSI), the country largest brokerage, led the list of most active shares in volume with 2.12 million shares changing hands.

Hoang Anh Gia Lai Joint Stock Company (HAG), a property developer, followed with 1.61 million shares.

Tan Tao Investment Industry Corporation (ITA) came next with 1.4 million shares traded.

Bao Viet Holdings (BVH), Materials - Petroleum Joint Stock Company (COM), and Dry Cell and Storage Battery Joint Stock Company (PAC) all shot up 5 percent to VND94,500, VND37,800, and VND52,500 respectively.

Ma San Group Corporation (MSN) went up for three days in a row, gaining 4.97 percent to VND84,500.

PetroVietnam Fertilizer and Chemicals Corporation (DPM) hiked 4.95 percent to VND40,300.

Hoang Anh Gia Lai Joint Stock Company (HAG) slashed 30.19 percent to VND55,500. The company will issue 155,760,348 bonus shares to its current shareholders at a ratio of 2:1.

Vinpearl Joint Stock Company (VPL) gave up 5 percent to VND49,400.

Vien Dong Pharmaceutical Joint Stock Company (DVD) slipped 3.97 percent to VND36,300.

The smaller bourse in the north stayed in red as the Hanoi’s HNX-Index sliced 0.18 percent, or 0.19 points, to close at 107.27 points. Trading volume continued heading down as nearly 23 million shares were traded at nearly VND434.4 billion.

The UPCoM-Index adjusted 0.34 points to 43.71 points. A total of 107,969 shares changed hands at VND1.47 billion.

By Thuy Doan

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