VN-Index extends market rally

VN-Index remained green on its billboard in the last trading session this week by climbing for a second straight day on March 29 to narrow the weekly loss as traders were confident about the optimistic market prospect.
VN-Index remained green on its billboard in the last trading session this week by climbing for a second straight day on March 29 to narrow the weekly loss as traders were confident about the optimistic market prospect.

Traders continued to hunt local shares for margins but the liquidity continued to wane as both buyers and sellers were not pleased with listed prices. The buyer-side wanted higher but the seller-side expected higher price.

In the Ho Chi Minh City Stock Exchange, the VN-Index added 0.7 percent, to end the day at 594.29. The southern bourse saw 121 advanced, 110 tumbled, 63 closed unchanged.

The VN30-Index tracking the southern city's top shares by capitalisation and liquidity gained 0.96 percent to end at 676.31. The market volume was down 20 percent from a day earlier, totalling 122 million shares and fund certificates worth 2.234 trillion VND (105 million USD), down 10 percent.

Large-cap gainers included Masan group (MSN) and Vinamilk surged 2,500 VND and 1,000 VND per share respectively, while loser included Vingroup (VIC) and Ocean Group (OCG) slid 500 VND and 300 VND per share respectively.

Tan Tao Investment - Industry Corporation (ITA) led the southern bourse with 9.2 million shares changing hands to close flat at 10,600 VND per share.

It is followed by FLC Group (FLC) with 8 million shares.

Hoang Quan Consulting Trading Service Real Estate Corporation (HQC) looked up 1 percent to finish at 9,800 VND on a trade of 6.6 million shares.

On the Hanoi Stock Exchange, the HNX-Index advanced 0.54 percent to settle at 90.04.

The market atmosphere was positive but the liquidity plunged as the buyer-side and the seller-side did not meet in a common point - price where the former wanted higher but the latter expected a lower level.
The HNX 30 Index composed of the capital city's largest shares, advanced 0.56 percent to end at 185.
Kim Long Securities (KLS), was most active share with a trade of 9.4 million shares by climbing 4.3 percent to end at 14,600 VND per share.

PetroVietnam Construction (PVX), arrived second in liquidity with 6.6 million shares changed hands, leaping 3.1 percent to settle at 6,600 VND per share.

Sai Gon Thuong Tin Real Estate Joint Stock Company (SCR) however dipped 1 percent to finish at 11,900 VND on a trade of 5.6 million shares.-VNA

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