Southern bourse ends week with a bang

The transportation firm Thuan Thao Corporation (GTT) hit the ceiling to VND6,100, Tien Len Steel Corp, (TLH) jumped 2.5 per cent to VND8,200 while Vietnam Sea Transport and Chartering JSC (VST) jumped to VND8,600. The three stocks were all among the most active stocks today.

Dongnai Roofsheet & Construction Material JSC (DCT) hit the ceiling with more than 140,000 shares traded. Some small stocks strongly jumped with more than 100,000 units changing hands.

Large-cap largely rose, with Saigon Securities Inc. (SSI) and Vietcombank (VCB) significantly up  - while Eximbank (EIB) slightly gained and Sacombank (STB) was unchanged.

Hoang Anh Gia Lai (HAG) and Tan Tao Investment Industry Corp. (ITA) were significantly up with some 400,000 shares traded.

Up to 151 stocks gained on the Ho Chi Minh Stock Exchange, compared with 68 falling and 68 ending flat.

Liquidity, however, remained lackluster with low match-volumes. Trading volumes hit 25.17 million shares worth VND628.76 billion ($30.37 million) thanks to a large put-through volume of more than 6.6 million units worth VND266.33 billion ($12.86 million).

The two leading stocks Masan Group (MSN) and Bao Viet Holding (BVH) continued being driven up by foreigners, jumping VND5,000 (4.24 per cent) and VND3,000 (3.39 per cent) respectively.

They also bought a large volume of SSI, HAG, STB, ITA, CTG and some other large-cap stocks.

Thanks to those foreigners’ buoyant mood, the benchmark VN-Index strongly rose 7.15 points or 1.51 per cent to 480.08 points.

Of the same rising trend, HNX-Index gained 0.31 points or 0.37 per cent on the Hanoi Stock Exchange. The advancers outran the decliners 131 to 122, while 130 stocks ended flat.

VnDirect lost 0.69 per cent while Kim Long Securities (KLS) unchanged and Bao Viet Securities (BVS) gaining. Habubank (HBB) and Asia Commercial Bank (ACB) ended flat.

Other major stocks ended mixed. Trading values were low at VND383.32 billion ($15.52 million).

The local market will close from April 30 to May 4 for the national holiday.