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VN-Index opens week with slight rise
Vietnam’s benchmark VN-Index opened the week with upward momentum from last week, gaining 0.48 percent on April 12.
The shares of 219 companies and four mutual funds on the Ho Chi Minh Stock Exchange rose 2.51 points to 519.93. Trading volume dropped slightly over last week as more than 54.4 million shares, worth VND2.08 trillion, changed hands.
Among the index members, 82 rose, 101 declined, and 40 remained unchanged. Most investors expected the index to finish above 520 points today. However, the benchmark failed to pass this level.
Big gainers on the southern bourse included Cuu Long Fish Joint Stock Company (ACL), Construction and Materials Trading Joint Stock Company (CNT), Truong Thanh Furniture Corporation (TTF), and Viet Nam Fumigation Joint Stock Company (VFG). Each gained the maximum daily 5 percent allowed limit to VND33,600, VND37,800, VND33,600, and VND84,000 respectively.
Hochiminh City Infrastructure Investment Joint Stock Company (CII) was the most active stock in volume as 3.19 million shares were traded on the city bourse. Saigon Commercial Bank or Sacombank (STB) came next with 1.97 million shares changing hands, followed by Vietnam Electricity Construction Joint Stock Corporation (VNE) with 1.47 million shares.
The newly listed Pacific Property and Infrastructure Development and Investment Joint Stock Company (PPI) officially traded 10,014,753 shares on the city bourse at VND32,000 today. Ending the trading sessions, PPI rose to VND38,400 with more than 1.24 million changing hands.
The northern market also performed well as the HNX-Index gained 0.23 percent, or 0.4 points, to 171.23. Trading volume reached 52.92 million shares, worth more than VND1.71 trillion.
On the market, 102 stocks advanced, 150 fell, and 22 were unchanged.
Over-the-counter market shares moved in contrast as the UPCoM-Index closed down 0.45 percent, or 0.19 points, to 41.78.
Thien Trung
SGGP
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