Vietnam’s benchmark VN-Index on April 22 sharply hiked to near 530 points due to investors’ heavy buying. The shares of 224 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange finished at 529.31 points, gaining 1.84 percent, or 9.61 points. Trading volume was extremely high with more than 79.8 million shares, worth VND3.19 trillion being traded, marking the highest record in the last three months.
Among the index members, 120 shares gained, 68 fell, and 40 were unchanged.
Pomina Steel Corporation (POM), which located in Binh Duong Province, and the Hanoi-based Vincom Joint Stock Company (VIC) led the big gainers on the city bourse. Both added up the daily maximum allowed limit of 5 percent to VND52,500, and VND105,000 respectively.
DIC Investment and Trading Joint Stock Company (DIC) rose by 4.98 percent to VND23,200.
Saigon Securities Inc. (SSI) won the spot of the most active stock in volume with more than 3.54 million shares being changed hands. The largest brokerage in Vietnam closed up 4.99 percent to VND44,200.
Tan Tao Investment Industry Corporation (ITA), which rose by 4.95 percent, came next with 2.48 million shares, followed by Saigon Commercial Bank or Sacombank (STB) with more than 2 million shares.
Big losers included NBB Investment Corporation (NBB), Da Nang Contruction Building Materials and Cement Joint Stock Company (DXV), and Cavico Viet Nam Mining and Construction Joint Stock Company (MCV).
The smaller bourse in the north also performed well as the Hanoi’s HNX-Index advanced 0.47 points, or 0.26 percent, to close at 178.33. Liquidity on the northern market stayed high as investors continued to buy heavily. Around 77.2 million shares, worth VND2.69 trillion, were traded.
Meanwhile, the UPCoM-Index made a contrast move, losing 0.16 points, or 0.34 percent, to 47.17. A total of 125,940 shares changed hands at VND1.8 billion.