VN-Index rebounds, led by blue-chips

VN-Index rebounds, led by blue-chips

Vietnam’s benchmark VN-Index recovered sharply on June 5 as large-cap stocks propped up market.

Source: VietstockFinance

The gauge of 303 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange regained 1.05 per cent, or 4.37 points, to close at 421.02 points.

Across the benchmark, 187 stocks advanced, 69 declined, while 52 remained unchanged.

Trading on the city bourse dropped by nearly 29 per cent in volume, and 14.6 per cent in value over the previous trading session as more than 101.61 million shares changed hands at a total value of VND2.07 trillion.

Tan Tao Investment Industrial Joint Stock Company (ITA) led the list of most active shares in volume with 2.26 million shares changing hands.

Saigon Thuong Tin Joint Stock Commercial Bank or Sacombank (STB) tagged along with 1.87 million shares.

Saigon Securities Inc. (SSI) followed with 1.79 million shares traded.

Ha Tien 1 Cement Joint Stock Company (HT1) and Vung Tau Construction & Real Estate Joint Stock Company (VRC) recouped 5 per cent to close at VND6,300, and VND8,400 respectively.

Tan Cang Logistics & Stevedoring Joint Stock Company (TCL) bounced 4.97 per cent to close at VND16,900.

NBB Investment Corporation (NBB) emerged 4.96 per cent to close at VND40,200.

Petrolimex International Trading Joint Stock Company (PIT) retreated the fourth trading session, paring 7.23 per cent to close at VND7,700.

Vegetable Oil Packing Joint Stock Company (VPK) deactivated 4.96 per cent to close at VND13,400.

Viet Nhat Seafood Corporation (VNH) dropped for nine consecutive trading sessions, sapping 4.88 per cent to close at VND3,900.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – rebounded 5.13 points, or 1.04 per cent, to end at 498.02. Among its 30 members, 21 stocks hiked, 2 retreated, and 7 closed flat.

Hanoi’s HNX-Index of the smaller bourse in the north salvaged 1.48 per cent, or 1.07 points, to close at 73.58 points with 203 winners, 46 losers, and 36 stocks treading water. Around 37.48 million shares changed hands at a total value of VND369.59 billion.

Meanwhile, the UPCoM-Index of unlisted shares rescued 0.03 per cent, or 0.01 points, to close at 35.86 points. A total of 452,369 shares changed hands at VND1.98 billion

sggp