Business

High-portfolio stocks lift VN-Index

Stocks climbed for a fourth day on the HCM City Stock Exchange, tracking strong gains made by heavyweight codes in May 31's session.
Stocks climbed for a fourth day on the HCM City Stock Exchange, trackingstrong gains made by heavyweight codes in May 31's session.

The VN-Index rose 2.25 percent to close at 421.37 points.

The value of the day's trading was modest at 388.7 billion VND (18.5 million USD) on a volume of 22.8 million shares.

All10 largest capitalised shares achieved substantial gains, with Phu MyFertiliser (DPM) surging the maximum regulated 5 percent. Food traderMasan Group (MSN) was up 4.7 percent, property developer Vincom (VIC) up4.7 percent, insurer Bao Viet Holdings (BVH) up 4.5 percent and resortdeveloper Vinpearlland (VPL) up 4.2 percent.

Other blue chipsalso made gains, including Eximbank (EIB) up 0.7 percent, PetroVietnamFinance (PVF) up 1.5 percent, property developer Hoang Anh Gia Lai (HAG)up 2.6 percent, VietinBank (CTG) up 2.7 percent, Vietcombank (VCB) up3.7 percent and fertiliser producer Phu My (DPM) up 5 percent.

The most active stock was Saigon Securities Inc (SSI) with nearly 2 million shares traded.

Onthe Hanoi Stock Exchange, the HNX-Index fell 0.19 percent to finish at69.48 points.Value remained in the doldrums at 299.2 billion VND (14.2million USD), with 28.6 million shares changing hands. PetroVietnamConstruction (PVX) was the most heavily traded stock, closing up 2percent with 3.1 million shares traded.

Foreign investorsconcluded yesterday as net buyers in both domestic markets, picking up1.5 million shares with a value of 32.5 billion VND (1.5 millionUSD)./.
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