Saturday,  Jul 21, 2018,16:23 (GMT+7) 0 0
VN-Index moves sideways
Phuong Thao
Friday,  Apr 6, 2018,21:16 (GMT+7)

VN-Index moves sideways

Phuong Thao

HCMC – The VN-Index of the Hochiminh Stock Market was volatile before closing almost flat on Apirl 5, inching up a slight 1.63 points, or 0.14%, at 1,193.17.

Trading volume on the HCMC market was unchanged from Wednesday’s level of 241 million shares but value fell 8.2% at VND7.8 trillion. The put-through market was active with 54.6 million shares worth nearly VND2.4 trillion transacted.

VIC, a leading property stock, gained 2.7% at VND131,000 a share with matching volume of nearly 3.2 million shares as its housing development arm Vinhomes is applying to list on the HCMC bourse. VIC is now the biggest listed firm by market cap as it had soared from VND50,000 to VND130,000 over the past six months.

Many property stocks outperformed, with SCR leading the market by liquidity with 13.8 million shares traded. NVL also added 1.3% at VND78,000 per share with matching volume of nearly 2.9 million shares.

Notably, CII and its affiliate CEE hit the ceiling prices as the latter announced to buy back two million shares as treasury shares.

According to tinnhanhchungkhoan.vn, CEE had lost nearly 35% to VND17,000 per share since last November. Last month, the firm saw just seven rising sessions out of 22 trading days.

CII had also slumped 25% since early this year. Thanks to the strong performance on Apirl 5, CII and CEE closed at VND33,650 and VND18,150 a share with 2.5 million shares and 100,000 shares traded respectively.

In contrast, bank stocks put intense pressure on the VN-Index. Among eight listed banks on the southern bourse, MBB and STB advanced slightly while VCB and EIB closed at the reference prices and four others retreated.

The HNX-Index of the Hanoi Stock Exchange added 1.43 points, or 1.06%, at 136.75 but turnover slumped 26.6% in volume and 27.8% in value to 47.3 million shares worth VND854.9 billion.

Lender ACB approached its previous record high of VND55,000, rising 1.4% at VND49,800 per share. The bank has surged nearly 100% over the past six months.

Another bank, SHB, still took the lead by volume on the northern bourse with 10.2 million shares traded, rising 0.8% at VND13,200 a share. PVS, an oil and gas stock, edged up 5.6% at VND20,800 a share with 4.6 million shares changing hands.

Foreign investors net bought 4.5 million shares worth VND143 billion on the HCMC bourse. Meanwhile, they net sold nearly VND34.9 billion of shares on the northern exchange.

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