VN-Index reaches three-month high

Tuesday, Apr 12, 2016 12:31

HA NOI (Biz Hub) — The VN-Index rose 1.29 points to 580.56, reaching its highest point in three months on the morning of April 12, supported by positive information from blue chip company Vingroup (VIC).

The northern bourse, HNX-Index, also increased 0.16 points to reach 80.82.

Large-cap stocks Vietcombank (VCB), VIC and PetroVietnam (GAS) saw gains, while giant Vinamilk (VNM) saw no change in price at the HCM Stock Exchange. The gains by PVS, VCG, PVI and NTP also boosted the index at the Ha Noi Stock Exchange.

VIC rose another 2 per cent after the 6.3 per cent it had gained from two sessions on April 11, thanks to the announcement of another major project -- Vinhomes Golden River in HCM City. The group also said it had converted all the convertible bonds, worth $300 million, issued in 2012.

Meanwhile, HAGL Joint Stock Company (HAG) and HAGL Agriculture JSC (HNG) were the worst losers of the session following a drop in profit of VND77 billion, an unpublished debt restructure and the concerns voiced by audit firm Ernst & Young about HAG's consecutive operations.

The morning session on the southern bourse closed with 91 advancers and 107 decliners. Total trading volume reached 77.43 million shares, worth VND1.17 trillion.

In the north, HNX reported 71 advancers and 98 decliners, with a total trading volume of 23.79 million shares, worth VND271 billion.— VNS

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