Rebounding blue chips boost Index

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Báo QĐND English - 31 month(s) ago 1 readings

Rebounding blue chips boost Index

Photo: gafin

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 from March 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 million shares changed hands.

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

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

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

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

Habubank (HBB) led market trades with more than 25 million shares exchanged, declining nearly 3 percent to 6,500 VND. On March 13 morning, a rumour circulated around the market that Sai Gon-Hanoi Bank (SHB) is seeking to acquire HBB and that the deal receives the central bank's approval. However, in a press release late on March 13, Habubank denied the rumour, arguing the information is inaccurate and groundless.

Source: VNA

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