VN-Index closes month in bullish sentiment

Movements of VN-Index on October 29. (Photo: vietstock.vn)
Movements of VN-Index on October 29. (Photo: vietstock.vn)
Vietnam’s benchmark VN-Index finished in green on October 29 as new regulations which tighten gold borrowing and lending activities positively affected investor confidence.

The shares of 266 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange emerged 0.57 percent, or 2.56 points, to 452.63 points.

Trading volume significantly improved over the previous session. Around 33.4 million shares changed hands at a value of more than VND1trillion.

Of the index, 124 stocks gained, 81 retreated, while 66 remained unchanged.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) stayed on the position of most active share by volume the third day with 2.11 million shares changing hands.

PetroVietnam Fertilizer and Chemicals Corporation (DPM) came next with more than 1 million shares traded, followed by Ocean Group Joint Stock Company (OGC) with 837,150 shares.

Lix Detergent Joint Stock Company (LIX) rebounded from a previous loss of 4.76 percent, jumping the daily maximum allowed limit of 5 percent to VND63,000.

Vietnam Golf Tourism Joint Stock Company (VNG) climbed 4.93 percent to VND14,900.

National Seed Joint Stock Company (NSC) went up 4.65 percent to trade at VND36,000 from VND34,400 the previous day.

Construction company Cotec Investment and Land-house Development Joint Stock Company (CLG) ripped 4.97 percent to VND32,500.

Hoang Quan Consulting – Trading – Service Real Estate Corporation (HQC) plunged for three consecutive days, sinking 4.89 percent to VND29,200.

Cu Chi Commercial And Industrial Developing Investment Joint Stock Company (CCI) pared 4.8 percent to VND21,800.

Meanwhile, the smaller on the north also performed well as the Hanoi’s HNX-Index shot up 1.35 points, or 1.21 percent, to 112.86. Trading volume remained low as just 17.5 million shares worth VND350.56 billion changed hands.

Other news