Shares regain on bargain hunting

Vietnam’s benchmark VN-Index rebounded after retreating for two straight trading sessions on May 9 as investors regained appetite for securities on speculation of low values.

The shares of 284 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange recovered 1.01 percent, or 4.76 points, to close at 477.47 points.

Among the index members, 150 advanced, 71 dropped, while 68 remained unchanged.

Trading on the city bourse fell by 20 percent in volume and nearly 50 percent in value over the previous trading session as 18.94 million shares changed hands at a value of VND402 billion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, topped the list of most active shares in volume with 1.87 million shares changing hands.

Licogi 16 Joint Stock Company (LCG) won the second place with 413,810 shares changing hands.

Tien Len Steel (TLH) came in third with 409,440 shares.

Ntaco Corporation (ATA) and Phuong Nam Cultural Joint Stock Corporation (PNC) both restored 5 percent to close at VND21,000 and VND6,300 respectively.

Da Nang Rubber Joint Stock Company (DRC) rose 4.91 percent to VND29,900.

Ha Do Group Joint Stock Company (HDG) surged 4.87 percent to VND32,300.

OPC Pharmaceutical Joint Stock Company (OPC) collapsed 8.18 percent to VND30,300.

Hang Xanh Motors Service Joint Stock Company (HAX) shed 5 percent to VND11,400.

Transforwarding Warehousing Joint Stock Corporation (TMS) eroded 4.9 percent to VND23,300.

The Hanoi’s HNX-Index of the smaller in the north revived 0.71 percent, or 0.59 points, to close at 83.28 points. Trading volume was at 30.4 million shares worth VND391.79 billion.

Meanwhile, the UPCoM-Index of unlisted shares slid 0.14 points to 35.13 points this morning. A total of 237,660 shares changed hands at a value of VND3.5 billion.

Other news