Sunday , May 19 2024

Stock trading hits 6-week high


Stock trading value climbed to a six-week high as investors sold in droves as Russia launched a military operation in Ukraine and attacked the latter’s military facilities.

Trading value on the main bourse Ho Chi Minh Stock Exchange (HoSE) climbed up 47 percent to VND33.86 trillion ($1.48 billion), highest since January 12.

A quarter of the trading value was from big caps as 25 tickers out of 30 in the blue chip basket VN30 in the red.

VN-Index was falling 18 points at the time of publishing with the number of stocks hitting ceiling prices dwindling to four against over 30 in the beginning of the afternoon session, showing that investors were picking up the dipping stocks.

HAG of agriculture firm Hoang Anh Gia Lai Jsc lost 6.7 percent as the company faces the risks of being delisted due to losses.

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