Monday,  Jul 23, 2018,20:41 (GMT+7) 0 0
Stocks recover on low trade
By Phuong Thao
Wednesday,  Jun 13, 2018,19:59 (GMT+7)

Stocks recover on low trade

By Phuong Thao

HCMC – The local stock market staged a nice rebound on June 13, led by a sudden rise of some blue chips in the afternoon phase. However, trading turned sluggish as investors were cautious over the index’s high volatility.

Given 171 stocks rising and 102 others closing in the red, the main index jumped 9.77 points, or 0.96%, to 1,030.53. The HCMC market saw 116 million shares worth VND3.8 trillion changing hands at the end of the day, slumping 45% and 36% versus Tuesday, respectively.

Among the top 10 stocks in terms of market cap, brewery firm SAB was the only loser, dipping 1.6% to VND235,100 per share, whereas housing firm VHM and dairy giant VNM closed at the reference prices. The remaining stocks advanced nicely, with leading gas firm GAS climbing 4.7% to VND96,600 per share.

Lender VCB was also an index saver as it gained 3.2% to hit VND59,900 per share, while property enterprise VIC added nearly 2.9% to reach VND128,000 per share. MSN, a consumer goods producer, advanced 1.3% to VND83,500 per share.

For blue chips, ROS led decliners as the construction firm fell 4.3% to VND62,000 per share. In contrast, PLX, a leading fuel distributor, increased 3.4% to VND67,000 per share, and steel maker HPG rose 2.1% to VND43,400 per share.

Property firm DXG led the market by liquidity, with 4.2 million shares traded, rising 1.3% to VND33,400 per share. Lender MBB ranked second, with 4.1 million shares, followed by HPG, with 3.6 million shares, and realty firm HQC and brokerage company SSI, with some 3.1 million shares.

Among medium and small stocks, real estate firm FLC reported matching volume of 2.9 million shares, while agricultural firm HNG saw 2.9 million shares changing hands. Notably, realty firm QCG hit the upper limit of VND9,520 per share with volume of 1.38 million shares.

The HNX-Index hit the intraday high of 117.42 points before sliding and closing with a 0.05% rise at 116.54. The Hanoi market saw trading contracting, with volume and value shedding 29% and 41% to hit 36.4 million shares and VND467.8 billion.

Large caps were mixed, as lender SHB added 1.1% to reach VND9,200 per share, and oil and gas stock PVS increased 1.2% to VND17,100 per share, while bank stock ACB fell 1.2% to end at VND41,500 per share. SHB and ACB were the only stocks reporting volume of more than two million shares on the Hanoi bourse.

DST, which is active in the educational book and equipment sector, reported matching volume of over one million shares. However, DST plunged to the floor price of VND3,300 per share, having hit the ceiling while trading in the previous session.

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