Thu. Feb 22nd, 2024

Shares rallied on the nation’s two stock exchanges on April 5 after a
deep decline over the past two days but trading was sluggish.

No trading occurred for 50 codes in Ho Chi Minh City and over 180 codes in Hanoi.

On the Ho Chi Minh Stock Exchange, the VN-Index gained over 1 percent, reaching 502.58 points.

Gainers outnumbered losers by 135-76.

Trading value, however, declined 17.8 per cent over the previous day’s
level to 822.5 million VND (39.1 million USD) on a volume of more than
48.7 million shares.

The VN30-Index also rose 1 percent to reach
570.20 points. Among the 30 top shares that the index represents, only
five stocks lost value and five others closed unchanged.

On the
Hanoi Stock Exchange, the HNX-Index added 0.78 percent, standing at 61
points. There were 115 advancers and 88 decliners.

Market value totalled just 244.5 billion VND (11.6 million USD), as trading volume fetched 31.1 million shares.

The HNX30-Index, tracking the northern bourse’s leading shares, finished the session 1.26 percent higher at 116.25 points.

On the gold market, the State Bank of Vietnam held its third gold
auction on April 5, selling 25,700 taels of gold bullions. One tael
equals 1.2 ounces.

The lowest price given at this auction was 43.2 million VND (2,050 USD) per tael.

The central bank has sold a total of 53,400 taels after three auctions,
but the gap between domestic gold prices and world prices showed no
signs of narrowing. SJC gold was traded at about 43.28 million VND
(2,060 USD) on April 5 afternoon, still higher than global market prices
4 million by VND per tael.

However, the central bank said that narrowing this gap could not be achieved in a short period of time.
The bank will organise three other auctions next week on Tuesday, Wednesday and Friday.-VNA

By vivian