25 C
Ho Chi Minh City
Sunday, November 29, 2020

Stock market extends gains

Must read

Charity run to raise funds for charitable projects

HCMC – The British Chamber of Commerce Vietnam will organize a charity run at the British University Vietnam’s Ecopark campus in Hung Yen Province...

27 students rescued after losing way home from mountain picnic

HCMC – The local authorities have rescued 27 students who went missing during their picnic on Khau Mo Mountain in Huyen Tung Ward, Bac...

Vietnam likely to become super-aging country by 2050: deputy minister

HCMC – Vietnam entered an “aging phase” in 2011 and remains among the most rapidly aging countries in the world and, as such, might...

Three bridge projects along axis road connecting HCMC and Mekong Delta approved

HCMC – The People’s Council of the Mekong Delta province of Long An on November 18 gave its nod to the investment plans of...
HCMC – Domestic stocks extended strong gains today, April 15, as investors continued picking blue chips that had slumped to new lows last month.

In March, the two local exchanges took a nosedive as global markets tumbled given impacts of the Covid-19 pandemic, with the VN-Index and the HNX-Index shedding 24.9% and 15.46%, respectively.

With the southern bourse having dropped to around 660 points, bottom fishers on the Hochiminh Stock Exchange turned active, sending the VN-Index up a hefty 17.31% during the first half of April. Except for a losing session on April 10, the HCMC market reported nine rising days in the fortnight.

Closing today’s session, the benchmark VN-Index gained 9.81 points, or 1.28%, at 777.22, as many blue-chip stocks in the VN30 basket reached their intraday highs. The southern market saw 302.6 million shares worth VND4.6 trillion changing hands, up 13.4% and 14% versus the day earlier, respectively.

Most bank stocks reported high liquidity, with STB soaring 5.9% at VND9,700 on matching volume of 14.8 million shares. MBB, another bank, rose 2.8% at VND16,350 with volume of 10.3 million shares.

Construction firm ROS again was the most actively traded stock with 16.3 million shares transacted, jumping nearly 4.2% against Tuesday at VND4,000.

On the Hanoi Stock Exchange, the HNX-Index surged 1.18 points, or 1.1%, at 108.33, led by heavyweights in the banking and property sectors. PVS, which is active in the oil and gas sector, was the only loser among pillar stocks, slumping 3.2% at VND11,800 on matching volume of 5.1 million shares.

Since early this month, the HNX-Index has jumped nearly 17%, reporting nine rising sessions versus one day with a fractional 0.01% decline on Tuesday.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles

Charity run to raise funds for charitable projects

HCMC – The British Chamber of Commerce Vietnam will organize a charity run at the British University Vietnam’s Ecopark campus in Hung Yen Province...

27 students rescued after losing way home from mountain picnic

HCMC – The local authorities have rescued 27 students who went missing during their picnic on Khau Mo Mountain in Huyen Tung Ward, Bac...

Vietnam likely to become super-aging country by 2050: deputy minister

HCMC – Vietnam entered an “aging phase” in 2011 and remains among the most rapidly aging countries in the world and, as such, might...

Three bridge projects along axis road connecting HCMC and Mekong Delta approved

HCMC – The People’s Council of the Mekong Delta province of Long An on November 18 gave its nod to the investment plans of...

Work begins on three components of North-South expressway project

HCMC – On November 19, the Ministry of Transport began work on three components worth over VND4 trillion of the Mai Son-National Highway 45...