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Thursday,  Dec 14,2017,15:15 (GMT+7)

Stocks leap to over 900 points

Phuong Thao
Wednesday,  Nov 22,2017,00:00 (GMT+7)
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Stocks leap to over 900 points

Phuong Thao

HCMC – The local stock market overcame the strong resistance level of 900 points on November 20, buoyed by a number of large caps such as diary firm VNM and property giant VIC.

With 143 rising stocks versus 129 others closing with losses, the VN-Index climbed a hefty 12.86 points, or 1.44%, at 903.55. The HCMC exchange saw 175.9 million shares worth VND5.6 trillion changing hands at the end of the day, down 6.7% in volume and up 5.7% in value versus last Friday respectively.

There were 30.9 million shares worth over VND1.9 trillion traded in block deals, including 6.4 million shares of VNM worth VND1 trillion and five million shares of VIC worth of VND350 billion.

VIC went up to the ceiling price of VND76,300 a share on matching volume of nearly two million shares, replacing Vietnam’s top brewery firm SAB as the second biggest stock in terms of market capitalization on the southern bourse. VIC reported the total market capitalization of over VND201 trillion on November 20.

Meanwhile, VNM failed to close at the intraday high but it still managed a 2% rise. It ended the day at VND187,000 a share with matching volume of nearly one million shares.

Retail firm VRE, an affiliate of VIC, went up to the upper limit of VND47,700 a share with nearly 3.2 million shares exchanged. On the other hand, construction firm ROS fell 0.3% at VND181,400 per share and lender BID lost 0.2% at VND24,000 a share.

Among speculative stocks, property firm FLC was the most actively traded stock with 9.7 million shares traded, adding 0.8% at VND6,310 a share, followed by financial group OGC with 7.3 million shares.

The HNX-Index, meanwhile, ended its eight-session winning streak with a 0.18% loss at 108.11. There were 42.4 million shares worth nearly VND635 billion exchanged, slumping 30.5% and 22.7% against the session earlier.

Among 10 leading stocks in terms of market capitalization, there were five stocks falling while three stocks advanced and two others moved flat. Lender ACB and construction firm VCG, which fell 0.9% at VND32,800 a share and 0.8% at VND25,000 per share respectively, made the most negative movements to the northern index.

Petroleum technical service firm PVS took the lead for liquidity with 8.4 million shares changing hands, followed by lender SHB with nearly 4.4 million shares. SHB closed the session down 1.23% at VND8,000 per share.

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