Stocks rebounds on bargain hunting

Vietnam’s benchmark VN-Index advanced the first time in nine days on December 16 as investors hunted for bargains after the benchmark stayed at a 32-month low for many days.

Source: VietstockFinance

Shares of 301 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange rebounded 0.43 percent, or 1.55 points, to wrap week at 366.03 points.

Across the benchmark, 180 stocks were winners, 50 losers, while 76 remained unchanged.

Trading on the city bourse improved by 61 percent in volume, and 45 percent in value over the previous day as 65.3 million shares changed hands at a total value of VND972 billion.

Ocean Group Joint Stock Company (OGC) had most active shares in volume with 2.28 million shares changing hands.

Investment and Trading of Real Estate Joint Stock Company (ITC) followed with 1.54 million shares.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) tailed after with 1.48 million shares traded.

Viky Plastic Joint Stock Company (VKP) fortified 11.11 percent to close at VND1,000.

South VietNam Container Shipping Joint Stock Company (VSG) leaped forward 5.88 percent to close at VND1,800.

Interfood Shareholding Company (IFS), Thu Duc Housing Development Corporation (TDH), and Bank for Foreign Trade of Vietnam or Vietcombank (VCB) all shot up 5 percent to VND6,300, VND12,600, and VND21,000 respectively.

Information & Networking Technology Joint Stock Company (CMT) slumped 8.97 percent to close at VND7,100.

Basa Joint Stock Company (BAS) eroded 5.88 percent to finish at VND1,600.

Cadovimex Seafood Import-Export & Processing Joint Stock Company (CAD) shed 5.56 percent to VND1,700.

Hanoi’s HNX-Index of the smaller bourse in the north also revived 1.58 percent, or 0.93 points, to close at 59.83 points. Around 29.73 million shares changed hands at a value of VND254.59 billion.

Meanwhile, the UPCoM-Index of unlisted shares also regained 0.24 percent, or 0.08 points, to close at 34.05 points. A total of 561,780 shares changed hands at a value of VND10.28 billion.

Thuy Doan

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