VN-Index advances second day

Vietnam’s benchmark VN-Index rebounded on December 28 thanked to support from financial stocks.

The measure of 275 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange escalated 1.33 percent, or 6.28 points, to finish at 479.33 points.

Among the index members, 199 stocks advanced, 47 slid, while 34 stalled.

Trading volume strongly jumped over the previous trading session. Around 88.91 million shares changed hands at a value of VND2 trillion.

Saigon Securities Inc. (SSI), the country largest brokerage, won the position of most active share in volume with 4.2 million shares.

It was followed by Saigon Thuong Tin Commercial Bank or Sacombank (STB) with 3.36 million shares traded.

Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG) came in third with 2.24 million shares.

Tan Tao Investment Industry Corporation (ITA) strengthened the daily maximum allowed limit of 5 percent to VND16,800.

Tan Binh Import – Export Joint Stock Company (TIX) increased the third day, gaining 4.96 percent to VND40,200.

Dong A Plastic Group Joint – Stock Company (DAG) emerged 4.94 percent to VND17,000.

Garment company Everpia VietNam Joint Stock Company (EVE) sank 4.98 percent to VND43,900.

South Logistics Joint Stock Company (STG) declined for two consecutive days, giving up 4.84 percent to VND23,600.

Ben Tre Forestry and Aquaproduct Import Export Joint Stock Company (FBT) shed 4.76 percent to VND10,000.

The smaller bourse in the north also performed well as the Hanoi’s HNX-Index rocketed 3.03 percent, or 3.38 points, to close at 114.81 points. Trading volume reached nearly 45 million shares worth VND903 billion.

Meanwhile, the UPCom-Index inched up 0.34 points to 41.79 points this morning. A total of 200,000 shares changed hands at a value of VND2.1 billion as of 11:15 am local time.

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