Stock market

HOSE reopens, VN-Index exceeds 1,100 points

After two day shutdown because of technical breakdown on January 22, the HCMC Stock Exchange (HOSE) reopened on January 25 with highly surging capital flow increasing the VN-Index by nearly 30 points to exceed 1,100 points.

HOSE reopens, VN-Index exceeds 1,100 points

The center of the market was the group of banking, oil and gas stocks such as MBB, BID, VCB, VPB, PVD and PLX.
Closing the session, the VN-Index increased 18.15 to 1,104 points with 142 stocks gaining, 165 loosing and 48 treading water. The VN30-Index surged 12.81 points with 19 stocks up, 10 down and one steady.
In Hanoi, the HNX-Index hiked 0.36 points with 71 stocks raising, 187 declining and 127 unchanged.
Total transaction value in the market neared VND15.9 trillion (US$700 million), of which HOSE reached VND14.4 trillion. That is an unprecedented number in Vietnam’s stock market history.
Relating to the technical breakdown on January 22, HOSE leaders said that it was caused by order matching software error which experts had analyzed and repaired on January 23. After testing operation on the following day under experts' supervision, HOSE was ready to resume operation on January 25.
After a long time of staying less than VND37 million per tael, domestic SJC gold price increased to nearly VND37.3 million sometimes on January 25 and mitigated afterwards.
At 4:30 p.m. in HCMC, it was purchased at VND37.02 million and sold at VND37.22 million, up VND220,000 a tael over the previous afternoon.
In Hanoi, Doji Group posted buying and selling prices at VND37.04 million and VND37.14 million, up VND230,000 a tael.

By NHUNG NGUYEN – Translated by Hai Mien

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