VN-Index revives nearly 15 points

The Vietnam’s stock market rebounded as blue-chips rallied on March 1 after losing nearly 25 points in the previous trading session.

VN-Index revives nearly 15 points

Most large cap stocks, including HSG, VGC, VHM, PLX, PVS, VRE, VCB, VCG and PNJ recorded an increase of above 2 percent, helping the benchmark to recover half of the points it lost in the previous trading session.

Foreign investors continued to net sell nearly VND92 billion on the market, with VNM being sold VND66.8 billion, VJC VND53.4 billion, NBB VND39.3 billion, VIC VND20.5 billion and BID VND9.8 billion but much lower than the level of VND300 billion in the previous trading session.

The VN-Index recouped 14.16 points, or 1.47 percent, to close at 979.63 points. Of the index, there were 238 stocks advancing, 76 receding and 46 standing still.

The HNX-Index of the smaller bourse in the north gained 1.4 points, or 1.32 percent, to wrap week at 107.26 points with 98 stocks increasing, 58 decreasing while 73 remaining unchanged.

Total trading volume on both trading floors reached 214 million shares, worth VND4.73 trillion.

In related news, the Hanoi Stock Exchange held five auctions for divestment in February, netting more than VND490 billion. More than 25.6 million shares were put up for sale but up to 63.4 million shares were ordered, 2.48 times higher than the offered amount. However, just about 20.8 million shares, or 81 percent of the offered amount, were sold with capital surplus of VND282 billion, a difference of VND98 billion compared to starting prices.

By Nhung Nguyen, Ha My – Translated by Thuy Doan

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