VN-Index evades sharp loss

Vietnam’s benchmark VN-Index successful escaped from losing trend on December 21 as foreign investors increased buying, helping most blue-chip stocks to rebound.

The shares of 274 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange recovered 0.73 percent, or 3.49 points, to close at 481.78 points.

On the benchmark, 134 stocks advanced, 79 dropped, while 66 treaded water.

Trading volume slightly rose over the previous trading session. Around 68.32 million shares changed hands at a value of VND1.69 trillion.

Saigon Securities Inc. (SSI), the country’s largest brokerage, topped the list of most active shares in volume with 5.39 million shares changing hands.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) chased after with 4.85 million shares, followed by Tan Tao Investment Industry Corporation (ITA) with 4.42 million shares traded.

Vien Dong Pharmaceutical Joint Stock Company (DVD), Tay Nguyen Electricity Investment Joint Stock Company (TIC), and Saigon Beverages Joint Stock Company (TRI) all fortified the daily maximum allowed limit of 5 percent to VND42,000, VND10,500, and VND6,300 respectively.

Traphaco Joint Stock Company (TRA) accelerated the second day, soaring 4.94 percent to VND46,700.

Vinaship Joint Stock Company (VNA) rebounded 4.93 percent to VND14,900.

The newly listed IDICO Infrastructure Development Investment Joint Stock Company (HTI) plunged 5 percent to VND19,000.

Binh Thuan Hamico Mineral Joint Stock Company (KSA) fell for four consecutive days, losing 4.94 percent to VND46,200.

Anvifish Joint Stock Company (AVF) snapped its four-day winning streak, shrinking 4.82 percent to VND21,700.

Meanwhile, the smaller bourse in the north made a contrast move as the Hanoi’s HNX-Index cut 1.46 percent, or 1.7 points, to close at 116.7 points. Trading volume slightly improved over the previous session as around 53.12 million shares changed hands at VND961.4 billion.

The UPCom-Index soared 1 point to 41.87. A total of 200,000 shares changed hands at a value of VND2.7 billion as of 11:05 am local time.

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