April 3: Vietnam Stocks Gain on Bargain Hunting

Vietnamese stocks ended April 3 morning session in the green as investors hunted bargain after the stock prices corrected in the last trading sessions of the first quarter.

The benchmark VN Index added 4.23 points or 0.96% to 445.26. Volume fell to 38.3 million shares worth of VND492.6 billion. Put-through trading contributed 0.8 million shares worth VND19.9 billion.

Market opened the morning session in the red with 1.8 million shares changed hands. Trading slowed down as both buyers and sellers were more cautious after 3 days off. The buying interest was steady, helping to send the index in the green later.

Buying focused on some selective stocks, and then, inspired more investors to get in and kept the market firmly in the green. The first movers today included HCM, SAM, REE, PVF, SSI, and then other pennies such as PXS, SBS, CSM, DIC, TBC, TMP also hit the ceiling.

Market breadth was very positive with 162 gainers, 103 losers, and 45 stayed unchanged.

The most active stocks were MBB (3.5 million shares); REE (2.7 million shares); SBS (2.5 million shares) they were all strong gainers.

On the Hanoi Stock Exchange, the HNX gained 1.79 points or 2.47% to 73.99. Trading volume fell to 43.6 million shares worth of VND389.6 billion

Market breadth turned positive with 169 gainers, 68 losers, 52 unchanged.

Hanoi Building Commercial Joint Stock Bank (HBB) continued to be the most active player with 8 million shares changed hands, closing at the ceiling price of VND6,900 a share.

KLS (3.86 million shares), PVX (3.68 million shares) and VND (3.4 million shares) were other active players today, all gained.

 

Category: Stocks