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VN-Index rises for sixth consecutive day
Nearly 100 penny stocks hit their ceiling prices on Nov. 30, helping the VN-Index make gains for the sixth consecutive day with the highest trading volume since the middle of September, but the gains may be capped by profit taking.
The index rose to 451.59, up 1.17 per cent against the previous session with trading volume reaching 66.96 million shares valuing more than VND1.38 trillion (US$69 million).
High performing penny stocks included Alphanam (ALP), Nam Viet Seafood (ANV), Da Nang Rubber (DRC), Dien Quang Lamp (DQC), Gemadept (GMD), Thong Nhat Rubber (TNC), Tai Nguyen Company (TNT), Vitaco Petrolimex Transport (VTO) and Vinaship (VNA).
Optimism helped Vien Dong Pharmaceutical (DVD) to reach VND49,200 (US$2.46) with 617,000 shares changing hands, surprising many investors after the share fell to its floor price on Monday following news that the firm's chairman Le Van Dung had been detained by police for alleged manipulation of the company's share price.
On the downside, a number of blue-chips decreased slightly, including Bao Viet Holdings (BVH), Phu My Fertiliser (DPM), Financial Technology (FPT) and Hoang Anh Gia Lai (HAG).
The HN-Index also rose to 108.43, up 3.05 per cent, higher than the growth in HCM City.
The State Bank of Viet Nam has said the prime interest rate would remain at 9 per cent in December.
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