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Friday,  Nov 24,2017,05:13 (GMT+7)

VJC keeps main index afloat

Phuong Thao
Friday,  Nov 10,2017,20:26 (GMT+7)
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VJC keeps main index afloat

Phuong Thao

HCMC – The local stock market saw selling pressure piling up on November 9 but low-cost air carrier VJC still managed to keep the VN-Index in the positive territory.

VJC closed with a 0.86% rise at VND117,200 a share on matching volume of over 1.5 million shares, in which foreigners net bought nearly 369,000 shares. In the recent five sessions, the carrier saw four rising sessions and one session of sideways moving.

VJC has increased sharply with strong turnover after announcing positive business results in the third quarter. It obtained VND6.1 trillion in revenue, soaring 34.4% over the same period last year, while its pre-tax profit jumped 35.1% at over VND1 trillion.

In the last quarter of 2017, VJC plans to launch six more air services, taking the total number of new routes this year to 19.

Besides, VIC, a leading firm in the property sector, extended its winning streak to the 10th straight session, climbing 4.7% at VND68,600 a share with 1.9 million shares exchanged. Dairy giant VNM also added 1.4% at VND162,500 per share on matching volume of over two million shares.

In contrast, many VN30 stocks made negative contributions to the market, resulting in a fractional rise of 0.08% of the VN-Index to close at 860.4.

Construction firm ROS was the biggest laggard, tumbling 6.8% at VND174,200 a share while Vietnam’s top brewery firm SAB lost 1.2% at VND278,100 per share. The two giants fell for the second and third straight session respectively.

Trading volume on the HCMC market dipped 4.2% at 164.4 million shares while value slid 9.2% at VND4.6 trillion. There were 21.5 million shares worth over VND994 billion traded in block deals, including 5.7 million shares of consumer goods firm MSN worth nearly VND343 billion.

Among speculative stocks, property firm FLC again took the lead for liquidity with 8.4 million shares traded, down 1.2% versus Wednesday at VND6,400 per share. Mining firm KSA and real estate enterprise QCG plunged to the floor prices, with KSA seeing matching volume of over three million shares.

Notably, the newly-listed firm PVE continued hitting the ceiling price of VND21,430 a share. The oil and gas enterprise saw matching volume of 520,000 shares.

The HNX-Index rose 0.15% at 105.87 but its turnover sharply declined versus the previous session. There were 32.9 million shares worth VND442 billion traded, down 26.2% and 17.2% respectively.

Most heavyweights declined, in which lender SHB saw 4.1 million shares changing hands while petroleum technical service firm PVS reported volume of 3.4 million shares.

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