Bourse surges on large-cap stocks

Large-cap stocks helped boost the national stock market on April 9 through their outstanding performance on both bourses.
Large-cap stocks helped boost the national stock market on April 9 through their outstanding performance on both bourses.

On the Hochiminh City Stock Exchange, the VN30 Index, tracking the 30largest stocks based on market value and liquidity, gained 0.42 percentto end at 578.35 points. In this basket, the number of gaining stocksgrew nearly four-fold in comparison with the losing stocks at 18 tofive, while seven other stocks remained flat.

On the Hanoi Stock Exchange, the HNX30 Index rose slightly by 0.65 percent to finish at 155.11 points.

The number of advancing stocks was five times more than the number ofdeclining ones at 21 to four, and five others remained flat.

An increase in global oil prices on April 8 night had no effect on thedomestic oil stocks, including Petroleum Technical Services Corporation(PVS), PetroVietnam Northern Gas JSC (PVG), PetroVietnam Coating JSC(PVB) and PetroVietnam Southern Gas JSC (PGS). They gained 0.43 percent,2.38 percent, 0.89 percent and 3.59 percent, respectively.

The HNX-Index grew 0.5 percent to finish at 82.37 points. The numberof gainers doubled the number of decliners by 133 to 67 and 165 othersremained unchanged. The market's trading volume dropped 8.2 percent to atotal of 39.5 million shares. However, its trading value rose 7.9percent to 493 billion VND (23.4 million USD).

Foreigninvestors on April 8 recorded a net selling value of 41.9 billion on thesouthern market, two-thirds of the previous day's number, and a netbuying value of 14.6 billion VND (697,000 USD) after becoming netsellers for two consecutive sessions in the Hanoi market.-VNA

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