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VN-Index recovers on inflation easing
Vietnam’s benchmark VN-Index rebounded on March 20 as investors gained confidence on upbeat economic data.
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| Source: VietstockFinance |
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Consumer price index of Ho Chi Minh City only rose 0.12 per cent in March, while CPI of Hanoi City also increased 0.19 per cent. The market sentiment was buoyed after the country’s largest economic centre unexpectedly released such low inflation growth despite an earlier increase of 10 per cent in fuel prices.
The measure of 305 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange recovered 0.51 per cent, or 2.22 points, to close at 440.29 points.
Among the index members, 152 gained, 92 lost, while 66 stocks remained unchanged.
Trading on the city bourse slightly rose in both volume and value over the previous trading session as 62.75 million shares changed hands at a total value of VND992.46 billion.
Sacom Development & Investment Corporation (SAM) was the most active share in volume with 3.83 million shares changing hands.
Military Commercial Joint Stock Bank (MBB) followed with 3.74 million shares.
Vietnam Commercial Joint Stock Export Import Bank (EIB) took third rank with 2.39 million shares traded.
Godaco Seafood Joint Stock Company (AGD), Van Phat Hung Corporation (VPH), and Tien Len Steel Group Joint Stock Company (TLH) soared 5 per cent to close at VND35,700, VND6,300, and VND6,300 respectively.
Bank for Foreign Trade of Vietnam (VCB) expanded 4.95 per cent to close at VND29,700.
Hoa Binh Rubber Joint Stock Company (HRC) fortified 4.9 per cent to close at VND42,800.
Ngo Han Joint Stock Company (NHW) nosedived 11.03 per cent to close at VND12,900.
South Vietnam Container Shipping Joint Stock Company (VSG) collapsed 5 per cent to close at VND1,900.
Ho Chi Minh City Infrastructure Investment Joint Stock Company (CII) snapped its three-day winning streak, closing down 4.97 per cent to close at VND28,700.
The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – hiked 4.07 points, or 0.82 per cent, to end at 501.29. Among its 30 members, 21 stocks climbed, 7 retreated, and 2 remained unmoved.
Hanoi’s HNX-Index of the smaller bourse in the north mounted 2.04 per cent, or 1.49 points, to close at 74.39 points with 184 winners, 92 losers, and 66 stocks treaded water. More than 78.3 million shares changed hands at a total value of VND797.05 billion.
Meanwhile, the UPCoM-Index of unlisted shares slipped 0.09 per cent, or 0.03 points, to close at 34.87 points. A total of 703,700 shares changed hands at VND21.35 billion.
Thuy Doan
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