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ROS hits new record high
Phuong Thao
Friday,  Oct 27, 2017,14:35 (GMT+7)

ROS hits new record high

Phuong Thao

HCMC – ROS, a key market driver, jumped to a new high on October 26, saving the local market from a strong decline after two consecutive sessions of sharp rises.

The construction firm extended its winning streak to the 21st straight session, surging 6.6% against the previous session at VND183,400 a share. ROS reported matching volume of nearly 1.5 million shares.

The VN-Index, meanwhile, fell slightly as losers still far outnumbered gainers by 185 to 77. The HCMC exchange saw 187.8 million shares worth VND4 trillion exchanged at the end of the day, up 17.2% in volume but down 7.2% in value compared to the previous day. The index lost 0.58 point, or 0.07%, at 830.11.

There were 20.4 million shares valued at VND779 billion traded via bloc deals, including 3.56 million shares of MSN, a consumer goods producer, nearly 2.2 million shares of logistics enterprise GMD, and 1.3 million shares of property firm NVL.

Bank stocks were key laggards as STB was the only lender that managed a rise. According to securities enterprises, bank stocks may see further selling pressure in the following sessions as the National Assembly is discussing revisions to the Law on Credit Institutions.

The real estate sector also performed poorly, in which HBC marked the sixth losing session out of the recent 10 sessions. The construction firm tumbled 4.4% at VND56,800 a share with matching volume hitting a two-month high of over 4.3 million shares.

FLC was the most actively traded stock on the southern market with 38.3 million shares changing hands, followed by An Giang Province-based seafood producer with nearly 6.8 million shares. The two stocks declined 4.6% and 0.9% at VND6,780 and VND11,300 per share respectively.

The HNX-Index plummeted 1.01% at 106.31 as sellers took the upper hand during the session. Turnover on the Hanoi market increased sharply, with volume and value soaring 60.9% and 37.6% at 57.1 million shares worth VND649.8 billion, respectively.

The HNX30 basket saw only five rising stocks, in which construction firm VCG reported matching volume of 2.8 million shares. KLF, a trading and food service enterprise, remained the volume leader with 10.1 million shares, followed by lender SHB with 7.4 million shares and petroleum technical service firm PVS with 2.3 million shares.

Foreigners became net buyers on the southern bourse with a net buying value of VND111.7 billion. However, they still net sold nearly VND300 million on the northern exchange.

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