Stock Market Rallies Again as Blue Chips Rebound

A better showing by blue-chip stocks helped the VN-Index rise for the third day in a row to finish 9.15 points (0.99%) higher at 930.46 on Thursday.

Petro Viet Nam Drilling and Well Services (PVD) rose VND4,000 to 156,000, Vinamilk (VNM) added VND3,000 to VND165,000 and FPT Corporation (FPT) went up VND2,000 to VND225,000.

Gains were also made by Vinh Son Hydropower (VSH), REE Technology (REE), Schenker-Gemadept Logistics (GMD) and Schenker-Gemadept Logistics (GMD), which added VND1,000 to their closing prices yesterday.

Only one of the ten big-cap stocks, Saigon Cables & Telecommunications Materials (SAM), failed to make ground at the Ho Chi Minh Stock Exchange today.

Similarly, a few small caps that had suffered in the past two sessions managed to claw back most of their losses.

Lu Gia Mechanical Electric (LGC) rose VND3,000 to close at VND69,500, Petrolimex Joint Stock Tanker Company (PJT) added VND2,500 to VND58,000 and Cavico Vietnam Mining and Construction  (MCV) climbed VND1,800 to VND38,000.

It wasn’t all good news at the smaller end of the market. Saigon Transimex (TMS) shed VND1,500 to end the day at VND62,500, Ry Ninh II Electric (RHC) fell VND1,800 to VND43,500 and Hoa An Building Materials (DHA) dropped VND1,500 to VND85,000.

In all, 64 stocks advanced, 31 declined and 21 trod water today. Trading volume was 5,454,710 shares and value slightly exceeded VND470 billion.

By staff writers - Translated by Hoang Uy

Other news