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HCMC market continues bullish mood
The Ho Chi Minh Stock Exchange remained buoyant on Wednesday after a strong rebound the day before.
The VN-Index, Vietnam’s main stock index, rose for the second straight session, gaining 7.04 points, 2.59 percent, to close at 277.63.
Turnover continued to increase sharply, with 27 million shares worth VND589 billion ($33.7 million) changing hands. Of the index’s 180 stocks, 87 rose and 55 fell.
Foreign investors remained net sellers, pumping in VND107 billion worth of shares.
Their top picks were large caps, such as software developer FPT Corp. (FPT), Hoa Phat Group (HPG), Saigon Securities Inc. (SSI), PetroVietnam Fertilizer and Chemical (DPM) and air conditioner manufacturer REE (REE).
Petrolimex International Trading Joint-Stock Company (PIT) rose 1.6 percent to close at VND12,700. The gasoline supplier announced at its annual meeting that it would pay dividend of VND1,500 for every share. The company said this year the dividend will be 12 percent.
Vinpearl (VPL) closed higher 3.53 percent at VND44,000. The resort operator will go ex-dividend on March 26, according to a report on the exchange’s website today.
DIC Investment and Trading Joint-Stock Company (DIC) fell slightly 0.72 percent to close at VND13,800. The construction company said on the bourse’s website that its chairman, Dinh Ngoc Ninh, will sell his entire 8.43 percent stake, 570,936 shares, in off-market transactions, which will start on March 25 and finish April 25.
LICOGI 16 Joint-Stock Company (LCG) advanced 3.93 percent to close at VND34,400. Vietnam Investment Limited, one of its substantial shareholders, cut its stake from 5.35 percent to 4.91 percent by selling 60,000 shares, the exchange said on its website today.
At the smaller bourse in Hanoi, the HaSTC-Index edged down 0.31 points, 0.31 percent, to close at 98.39. Trading volume was more than 12 million shares worth VND250.7 billion.
Thieu Gia
sai gon giai phong
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