VN-Index crosses 460

Vietnam’s benchmark VN-Index, a measure of 270 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, continued escalating on December 2 as investors remained in upbeat sentiment.

The gauge emerged 1.52 percent, or 6.93 points, to close at 464.35 points.

Among the index members, 233 advanced, 21 retreated, while 21 remained unmoved.

Trading volume on the city bourse reached nearly 72 million shares worth VND1.54 trillion, the best performance since the end of September.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) was the most active shares in volume with 5.18 million shares changing hands.

Refrigeration Electrical Engineering Corporation (REE) followed with 3.23 million shares, tagged along by Tan Tao Investment Industry Corporation (ITA) with 3.21 million shares traded.

Winners on the southern trading floor included Transport Engineering Construction & Business Investment Stock Company 584 (NTB), Ninh Van Bay Real Estate Joint Stock Company (NVT), Petrolimex International Trading Joint Stock Company (PIT), Sai Gon Beverages Joint Stock Company (TRI), Tan Binh Import – Export Joint Stock Company (TIX), Saigon Machinery Spare Parts Joint Stock Company (SMA), and Manulife Progressive Fund (MAFPF1). They all rocketed the daily maximum allowed limit of 5 percent.

Rangdong Light Source and Vacuum Flask Joint Stock Company (RAL), Southern Rubber Industry Joint Stock Company (CSM) and Construction and Materials Trading Joint Stock Company (CNT) all shot up 4.98 percent to VND21,100, VND29,500, and VND21,100 respectively.

Viet Thang Aquafeed Joint Stock Company (VTF) stumbled 5 percent to VND17,100.

Long Hau Corporation (LHG) fell for the second day, contracting 4.79 percent to VND45,700.

South Logistics Joint Stock Company (STG) lost 4.71 percent to VND24,300.

Meanwhile, the northern trading floor also finished in green as the Hanoi’s HNX-Index strengthened 4.23 percent, or 4.73 points, to close at 116.66 points. Trading volume slightly dropped over the previous day to around 62.7 million shares worth VND1.2 trillion.

The UPCom-Index raised up 1.43 points to 43.53 points this morning. A total of 754,452 shares changed hands at a value of VND6.97 billion.

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