Vietnam’s benchmark VN-Index added little on April 7 despite decline of most blue-chips as investors showed their optimism about economic outlook.
The index of 216 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange finished at 515.82, gaining 0.1 percent, or 0.49 points.
Of the index, 99 stocks advanced, 72 declined, and 49 were flat. Liquidity was rather high with trading volume reaching 51.48 million shares, worth VND$2.11 trillion.
Gainers on the southern bourse were led by the Hanoi-based Vietnam Mechanization Electrification & Construction Joint Stock Company (MCG), and the HCMC-based NBB Investment Corporation (NBB). Both closed up the maximum daily 5 percent allowed limit to VND46,200 and VND84,000 respectively.
Saigon General Service Corporation (SVC), which rose by 4.97 percent to VND40,100, came third, followed by Cuongthuan Investment Corporation (CTI), which climbed up 4.9 percent to VND25,700.
Saigon Commercial Bank or Sacombank (STB) won the position of the most active stock in volume with 1.77 million shares traded at VND22,300, up 0.45 percent. Phuoc Hoa Rubber Joint Stock Company (PHR) came next with 1.64 million shares, followed by Tan Dai Hung Plastic Joint Stock Company (TPC), which saw 1.33 million shares changing hands.
Phuong Nam Cultural Joint Stock Corporation (PNC) topped the list of losers which included Transforwarding Warehousing Joint Stock Corporation (TMS), Godaco Seafood Joint Stock Company (AGD), and Ngo Han Joint Stock Company (NHW), as its stocks trading down 4.44 percent to VND12,900.
Rising was maintained during the trading sessions on the smaller bourse in the north. Hanoi’s HNX-Index rose by 1.48 points, to close at 168.2. Around 41.2 million shares changed hands at VND1.4 trillion.
The index of the over-the-counter market, UPCoM-Index, also advanced by 0.01 points to finish at 45.94. Around VND5.4 billion was spent on 405,665 shares.