Ha Noi (VNA) – Both the Ho Chi Minh City bourse and its Ha Noi-based counterpart continued to show sign of recovery by the end of the September 4 trading session.
By closing, the VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) increased by 21.48 points or 2.36 percent to finish at 929.85 points. Around 6.64 million shares worth 561.25 billion VND changed hands during the day.
The market witnessed 96 stocks rally for gains, 11 remain unchanged and seven fall.
Saigon Thuong Tin Commercial Bank (STB), Refrigeration Electrical Engineering (REE), Viet Nam Dairy Products (VNM), Bien Hoa Confectionery Corp. (BCC) and Petro Viet Nam Drilling and Well Services Joint Stock Company (PVD) led the market in terms of transaction volume.
The strong rises were seen in the traded prices of Imexpharm Pharmaceutical Joint Stock Company (IMP), Domestic Medical Import & Export Joint Stock Company (DMC), Kinh Do Corp. (KDC), Song Da Urban &Industrial Zone Investment and Development (SJS) and Refrigerator Electrical Engineering (REE).
Tay Ninh Cable Tour Company (TCT), Binh Dinh Minerals Joint Stock Company (BMC), My Chau Printing and Packing Holding Company (MCP), Saigon Hotel Corp. (SGH) and ALTA Company (ALT) were among the biggest losers.
The HaSTC-Index at the Ha Noi Securities Trading Centre recorded a slight increase to close at 256.14 points.
52 shares made gains, 7 remained unchanged, nine declined and 22 saw no transaction, with over 1 million shares worth 103.6 billion VND traded during the course of the session.
The increases in trading volume and value were attributed to high purchase orders for blue chips Saigon Securities Inc. (SSI), Thac Ba Hydropower Joint Stock Company (TBC), Tien Phong Plastics (NTP) and the Asian Commercial Bank (ACB).
In related news, the PetroVietnam Tourism and Services Co. (PETROSETCO), a subsidiary of the State-owned oil group PetroVietnam, and Vincom Joint Stock Company will officially list their shares on the HCM City Stock Exchange in mid-September.
The firm’s 25.53 million shares, coded PET, will be sold at an initial price of 60,000 VND per share.
PETROSETCO has a chartered capital of 255.5 billion VND and specialises in providing services to Viet Nam’s energy industry.
Meanwhile, Vincom, whose chartered capital is 800 billion VND, plans to list 80 million shares on the stock market. In a recent issuance, 5 million shares of Vincom were sold at 114,479 VND per share, a 50-percent mark up over the initial asking price of 80,000 VND.-Enditem
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