VN-Index surges nearly 2 percent after Tet holidays

The Vietnam’s benchmark index opened week in upbeat sentiment with several blue-chip stocks jumping heavily on February 11 after a long Tet holidays.
Green dominated the market with most large cap stocks, including VIC, PLX, FPT, HPG and KDC strongly escalating. Banking and securities shares contributed most to the rising momentum on the market with VPB gaining 5.7 percent, VCB edging up 2.8 percent, CTG strengthening 3 percent, SSI climbing 3.1 percent, HCM hitting the ceiling and VND soaring 5 percent.
Upbeat sentiment also spread to foreign investors, prompting them to buy a total 1.16 million shares, worth roughly VND3.7 billion (US$159,125).
The VN-Index advanced 17.43 points, or 1.92 percent, to close at 926.1 points. Of the benchmark, 214 stocks increased, 93 decreased and 38 remained unchanged.
In the north, the HNX-Index rose 1.91 points, or 1.85 percent, to finish at 105.25 points with 97 stocks going up, 43 going down and 36 standing still. Liquidity on the market has been improved compared to that in trading sessions before Tet holidays but remained at low level.
Total trading volume on both trading floors reached 157 million shares, worth VND3.3 trillion ($142 million).

By Nhung Nguyen – Translated by Thuy Doan

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