March 2: Vietnam Stocks Soar on Rising Demand

The benchmark VN Index gained 11.65 points, or 2.72% to end at 439.6. Volume fell 8.75% to 81.7 million shares worth VND1.24 trillion, including 6.7 million shares worth of VND131.84 billion changed hands in the put-through deals.

VN Index opened in the green with 3.63 million shares traded. The trading pace kept being fast and buyers were aggressive and liquidity was good. The market went further north as it progressed and VN Index closed the day at the high.

Heavy weighs BVH, MSN, MBB, VIC hit the upper limit, other blue chips post strong gain and market indicator SSI limited up.

VN30 gained 12.53 points or 2.55%, surpassing the threshold 500 to 503.54 today. Volume rose 19.35% to 26.67 million worth of VND543.63 billion.

The market breadth was positive. Among 308 listed firms on HOSE, gainers outpaced losers by 208-63 and 37 stocks unchanged of which 92 hit upper limit and 19 hit lower limit.

Military Commercial Joint Stock Bank (MBB) continued to be the most active stock today with 14.09 million shares traded, closing up 4.7% to VND15,600.

Vietnam Export Import Commercial Joint Stock Bank (EIB) ranked second with 5.37 million shares traded, closing up 4.3% to VND19,500.

Saigon Thuong Tin Commercial Joint Stock Bank  or Sacombank (STB) was in the third place with 2.95  million shares traded, closing up 0.9% to VND22,200.

Saigon Securities Inc. (SSI)  and Tan Tao Investment – Industry Corporation (ITA) followed with 2.7 million shares and2.4 million shares, respectively.

On the Hanoi Stock Exchange, the HNX closed up 2.14 points or 3.08% to 71.72. Trading volume rose 14.75% to 73.94 million shares traded for VND704 billion of which only 2 million shares worth VND38.12 billion were changed hands in put-through deals.

Market breadth was narrowly positive with 247 gainers, 64 losers and 84 flat issues.

Hanoi Investment General Corporation (SHN) led the market in volume with 6.8 million shares changed hands, closing up 1.8% to VND6,700.

PetroVietnam Construction Joint Stock Corporation (PVX) ranked second with 6.66 million shares traded, closing up 6.3% to VND10,100 each.

Kim Long Securities JSC (KLS) was in the third place with 5.5 million shares changed hands, closing up 6.5% to VND11,400.