VN-Index hits 1,000 points again By Phuong Thao HCMC – The VN-Index of the Hochiminh Stock Exchange rose past the 1,000-point level in the afternoon phase today, September 20, driven by strong demand for leading stocks such as consumer goods firm MSN and oil and gas enterprise GAS. The main index closed the day up 9.2 points, or 0.9%, at 1,004.74. Trading on the southern bourse remained strong with 204.5 million shares worth VND5 trillion changing hands, down 16% and 2% against the previous session, respectively. Among oil and gas stocks, GAS climbed 3.5% at VND116,000 a share, turning the top contributor among gainers and having surged 58.5% since July 5. Besides, oil drilling firm PVD added 4% at VND18,000 per share and PXS jumped to the near the ceiling price of VND6,900 a share. MSN also outperformed after announcing that South Korea’s SK Group will buy all its 109.9 million treasury shares (or a 9.5% stake) at VND100,000 a share, which will give MSN new capital of US$470 million. The enterprise gained 1.4% at VND92,500 a share on matching volume of over 1.2 million shares. Most large caps saw active trading, in which steel maker HPG was the volume leader on the market with 9.9 million shares traded. Some lenders such as TCB, CTG and VPB saw matching volume of over five million shares each while PVD saw over four million shares transacted. The Hanoi Stock Exchange became volatile but the HNX-Index still managed to move higher following the… [Read full story]
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