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Tuesday,  Apr 24,2018,00:23 (GMT+7)

VN-Index rises to over 1,190 points

Phuong Thao
Thursday,  Apr 5,2018,19:26 (GMT+7)
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VN-Index rises to over 1,190 points

Phuong Thao

HCMC – The local stock market soared to an intraday high of above 1,200 points on April 4 but it failed to hold on to that level because of strong selling pressure.

With 167 stocks rising and 130 others falling, the VN-Index closed up 3.25 points, or 0.27%, at 1,191.54. Trading volume on the HCMC market dropped 6.5% at 238.7 million shares but value rose 7.2% at VND8.5 trillion.

According to Viet Capital Securities Company, realty firm VIC and dairy giant VNM contributed five points and 3.4 points to the index’s gains respectively. Closing the day, VIC gained 4.2% at VND127,500 per share with volume of 1.9 million shares while VNM rose 3.2% at VND200,000 a share with nearly one million shares traded.

The banking sector saw only two gainers with EIB and HDB increasing 1.3% and 1.9% at VND14,700 and VND46,500 a share respectively. STB was the volume leader in this group with 7.3 million shares changing hands but it dropped 0.6% at VND15,600 per share.

CII, an infrastructure developer, went up to the ceiling price of VND31,450 per share with matching volume of 1.7 million shares. DQC also hit its trading ceiling of VND35,400 per share.

Among small stocks, realty firm SCR led the market by liquidity with 9.8 million shares traded but it fell 1.4% at VND13,800 per share. KBC, an urban project developer, was the second most actively traded stock with 8.1 million shares changing hands at VND14,500 a share, up 2.8%.

The HNX-Index lost 0.22% at 135.32 as losers outnumbered gainers by 91 to 86. There were 64.4 million shares worth over VND1.1 trillion transacted, up 14% and 15.4% versus the previous session respectively.

Among gainers, lender ACB inched up 0.2% at VND49,100 per share with 3.5 million shares exchanged. VCS, which operates in the industrial sector, surged 7.2% at VND139,900 per share as it chose on April 4 as the ex-dividend date to pay a share dividend at a 1-for-1 ratio.

Notably, industrial firm HUT went up to the ceiling price before closing with an 8.6% rise at VND10,100 per share. The firm reported matching volume of over 6.9 million shares.

In contrast, lender SHB, the volume leader with 8.9 million shares traded, fell 2.2% at VND13,100 per share. Oil and gas stock PVS also slumped nearly 6.2% at VND19,700 per share.

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