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VN-Index hovers around 580

Released at: 18:27, 11/04/2016

VN-Index hovers around 580

While a late morning surge pushed the Index up on March 11 a late afternoon decline saw it close just shy of the 580-point mark.

by Hung Khanh

April 11 was a good day for Vietnam’s stock market with all indexes closing in positive territory. On HSX the VN-Index rose 6.93 points (1.21 per cent) and the VN30-Index 7.81 points (1.35 per cent), while on HNX the HNX-Index finished 0.41 points (0.525 per cent) higher and the HNX30-Index 0.7 points (0.49 per cent).

The VN-Index performed strongly in the final half hour of the morning session. It was trading around its opening of 575 points before surging to close at 580.1 points. In the afternoon the momentum continued, helping the VN-Index hit a peak of 581.70 points before falling a shade to finish at 579.27.

HSX saw 161 shares increase and 77 decrease while HNX saw 191 increase and 128 decrease.

The solid end to the morning by the VN-Index was driven by a number of large caps, including VIC, VNM and GAS. VIC hit its ceiling after rising 6.32 per cent on trade of VND60.1 billion ($2.69 million), while VNM increased 1.4 per cent on VND75.1 billion ($3.36 million) in trade and GAS increased 2.27 per cent after peaking during the morning at 3.63 per cent higher.

A decline towards the end of the afternoon session saw VNM fall to its opening price for the day, while VIC stayed steady and GAS lost its 2 per cent increase, to finish down 0.27 per cent compared to the morning session.

Among large caps, CTG was down 1.2 per cent and BID 0.6 per cent. Those ending in positive territory included BVH, by 5 per cent, HPG 2.3 per cent, MSN 2.2 per cent, MBB 0.7 per cent, FPT 0.6 per cent, and VCB 0.5 per cent.

On HNX some banking large caps headed downwards, with SHB falling 1.5 per cent and ACB 0.5 per cent. VCS and LAS rose the most among large caps, by 3.3 per cent and 2.6 per cent, respectively. Other large caps to increase included VCG, by 1.9 per cent, PLC 1 per cent and PVS 0.6 per cent.

Foreign investors net bought on HSX, by VND156 billion ($6.99 billion), and on HNX by VND7 billion ($313,950).

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