Tuesday,  Jul 17, 2018,03:25 (GMT+7) 0 0
VN-Index approaches 1,000 points
Phuong Thao
Wednesday,  Jan 3, 2018,23:16 (GMT+7)

VN-Index approaches 1,000 points

Phuong Thao

HCMC – The local stock market started the new year with a strong note on January 2, as the VN-Index jumped closer to the 1,000-point level due to positive cash flow into the banking sector.

Except for EIB that closed at the reference price, many lenders advanced nicely with high turnover. STB was the volume leader on the HCMC market with 16.3 million shares traded, jumping 4.2% at VND13,400 per share, followed by MBB with 7.8 million shares and VPB with nearly seven million shares.

Having fallen in the morning, VCB increased 1.29% at VND55,000 a share at the close on matching volume of 2.8 million shares. Meanwhile, CTG added 3.1% at VND24,950 a share with nearly four million shares changing hands and BID closed at the intraday high of VND27,000 a share, up 5.8% against the previous session, with a trade volume of 2.9 million shares.

The VN-Index surged a hefty 11.53 points, or 1.17%, at 995.77. There were 186 million shares worth nearly VND5.7 trillion exchanged on the southern bourse, down 11.9% and 11% versus last Friday respectively.

Among large caps, dairy enterprise VNM gained 1.4% at VND211,500 per share while beverage stock SAB increased 1.2% at VND252,300 a share. In contrast, leading fuel distributor PLX closed unchanged at VND75,000 a share and gas group GAS shed 2.1% at VND95,300 per share due to strong profit taking pressure.

Other key laggards included construction firm ROS, which plunged 6.7% at VND169,500 per share on matching volume of 3.2 million shares. Petroleum drilling firm PVD lost 1.5% at VND23,000 per share and real estate developer HBC fell 3.1% at VND43,000 a share.

On the Hanoi market, the HNX-Index hit the intraday of 118.87, rising a massive two points, or 1.71%, against the previous session. There were 64.7 million shares worth VND969.7 billion traded, up 43.5% and 38.6% respectively.

Among bank stocks, SHB took the lead for liquidity with 23.8 million shares changing hands, soaring 5.4% at VND9,800 a share. ACB added 5.15% at VND38,800 per share on volume of 3.6 million shares.

Meanwhile, oil and gas firm PVS was the second most actively traded stock with 11.1 million shares traded but it dropped 2.5% at VND23,000 a share.

Foreigners were active on the buying side, net buying VND256 billion worth of shares on the HCMC market and VND66.3 billion on the Hanoi exchange.

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