VN-Index continues rising

Vietnam’s benchmark VN-Index extended its rising momentum to four consecutive trading sessions on January 17, thanked to support from blue-chip stocks.

The measure of 279 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange jumped 1.21 percent, or 5.94 points, to finish at 495.16 points.

On the measure, 147 stocks rallied, 63 dropped, while 74 remained unchanged.

Trading volume on the city bourse slightly improved over the previous trading session as around 43.8 million shares changed hands at a value of VND1.09 trillion this morning.

Saigon Securities Inc. (SSI), the country largest brokerage, was the most active share in volume with 2.57 million shares changing hands.

It was chased after by Nari Hamico Minerals Joint Stock Company (KSS) with 2.1 million shares.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) followed with 1.97 million shares traded.

Construction company Chuong Duong Corporation (CDC), and Tan Binh Import – Export Joint Stock Company (TIX) both climbed the daily maximum allowed limit of 5 percent to VND25,200, and VND44,100 respectively.

Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC) emerged the fourth straight trading session, closing up 4.99 percent to VND42,100.

Meca Vneco Investment and Electricity Construction Joint Stock Company (VES) soared 4.96 percent to VND14,800.

Sao Vang Rubber Joint Stock Company (SRC) capped its seven-consecutive-trading-session winning streak, collapsing 4.9 percent to trade at VND33,000.

Lam Dong Mineral and Building Material Joint Stock Company (LMB) trimmed 4.86 percent to VND13,700.

Vinpearl Joint Stock Company (VPL) shrank the second day, giving up 4.67 percent to VND51,000.

The smaller bourse in the north also performed well as the Hanoi’s HNX-Index surged 0.9 percent, or 0.97 points, to close at 109.02 points. Trading volume recovered 35 percent over the previous trading session as around 34.4 million shares were traded at nearly VND620 billion.

The UPCoM-Index shed 0.28 points to 44.86. A total of 284,235 shares changed hands at VND2.18 billion.

By Thuy Doan

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