VN-Index hits 700 points
VN-Index hits 700 points
Buoyed by strong gains on March 31 and April 1, the VN-Index of the Hochiminh Stock Exchange continued its rally and closed at the intraday high of 701.8 points today, April 3, thanks to gains of many small and large-cap stocks.
The Hochiminh Stock Exchange building in District 1, HCMC. The benchmark VN-Index soared 3.17%, or 21.57 points, at the intraday high of 701.8 points today, April 3 – PHOTO: THANH HOA
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The southern market made more positive movements after the annual anniversary of Hung Kings yesterday (the 10th of the third lunar month).
With 297 gainers and 90 losers, the benchmark VN-Index soared 3.17%, or 21.57 points, from the session earlier. Trade volume totaled over 233 million shares, down 12.7% against the previous session, and value fell 8.6% at VND3.5 trillion. Block deals contributed VND842.5 billion to the total value.
Most of the stocks in the VN30 basket performed well, with bank stock BID, insurer BVH, construction company CTD, mobile phone retailer MWG, construction firm ROS, securities firm SSI and lender STB shooting up to their daily ceiling prices.
Many blue chips were the main contributors to the rise of the main index, with property firm VIC, housing developer VHM, consumer goods stock MSN, gas firm GAS and tech firm FPT jumping 5.3%-6.3%.
ROS was the most actively traded stock on the HCMC bourse with matching volume of 18.8 million shares.
Many other small and medium stocks, including agricultural firm HAI, real estate firms SCR, LDG and DXG, medical equipment enterprise JVC and construction firm ASM, made strong gains.
On the Hanoi Stock Exchange, the HNX-Index advanced by 2.23 points, or 2.34%, at 97.84. There were 52.9 million shares worth VND482 billion traded, climbing by 44.9% in volume and 47% in value versus the session earlier.
KLF, a trading and food service enterprise, took the lead by liquidity on the northern bourse with 6.2 million shares changing hands, followed by construction firm MST with 5.5 million shares traded.
