Rebounding blue chips boost Index

Stocks rebounded across the two national electronic boards on March 13 with more than 50 percent of codes rising steadily.
Stocks rebounded across the two national electronic boards on March 13 with more than 50 percent of codes rising steadily.

On the HCM Stock Exchange, the VN-Index regained 0.32 percent fromMarch 12's loss, ending on March 13's session at 429.39 points.

Total market value decreased slightly over the previous session,reaching 917.5 billion VND (43.73 million USD), as nearly 63 millionshares changed hands.

Many blue chips gained value,pushing the VN30 Index, which tracks the performance of the 30 shareswith the highest market value and liquidity, up 0.56 percent, standingat 485.36 points.

Insurer Bao Viet Holdings (BVH),Sacombank (STB) and Sacombank Securities (SBS) hit ceiling prices cappedat 5 percent a day on the HCM City bourse. However, propertydeveloper Vincom (VIC) bottomed out.

With over 5million shares changing hands, accounting for 8.63 percent of totalmarket volume, Military Bank (MBB) was the most active code on thesouthern bourse, adding 4.17 percent to close on March 13 at 15,000 VND(0.71 USD).

On the Hanoi Stock Exchange, theHNX-Index jumped 1.85 percent to conclude at 70.54 points. Market volumesoared 36 percent over March 12, totalling 80 million shares, whilevalue of trades increased 20 percent to over 663.7 billion VND (31.6million USD).

Habubank (HBB) led market trades withmore than 25 million shares exchanged, declining nearly 3 percent to6,500 VND. On March 13 morning, a rumour circulated around the marketthat Sai Gon-Hanoi Bank (SHB) is seeking to acquire HBB and that thedeal receives the central bank's approval. However, in a press releaselate on March 13, Habubank denied the rumour, arguing the information isinaccurate and groundless.-VNA

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