Tuesday,  Sep 25, 2018,07:51 (GMT+7) 0 0
Blue chips send VN-Index up
Phuong Thao
Friday,  Mar 9, 2018,21:34 (GMT+7)

Blue chips send VN-Index up

Phuong Thao

HCMC – The stock market staged a recovery on March 8, buoyed by some blue chips in the banking and real estate sectors. The VN-Index of the Hochiminh Stock Exchange jumped 11.89 points, or 1.07%, versus the previous day at 1,124.15.

VIC, a real estate company, jumped 4.7% to a new record high of VND103,200 per share with matching volume of nearly 2.5 million shares, making the most positive contribution to the index. Lender VPB also rose to a new high of VND65,100 per share, up 5% against Wednesday, with trading volume of 5.4 million shares.

The banking sector saw a strong divergence with VPB, MBB, CTG and STB advancing, VCB and BID losing, and HDB and EIB closing unchanged. STB was the most actively traded bank stock with six million shares changing hands, followed by MBB with 3.8 million shares.

Among the securities stocks, SSI dipped 0.1% at VND38,150 a share with over 5.6 million shares traded and VND fell 0.2% at VND27,450 per share. Meanwhile, HCM increased 1.1% to VND76,400 per share with volume of a modest 200,000 shares.

Having hit the upper limit on Wednesday, property firm FLC fell 1.3% at VND5,910 per share and reported volume of 11.8 million shares.

Real estate firm HAG also lost 1.1% at VND6,910 per share but its agricultural affiliate HNG hit the upper limit for the third consecutive session. HNG closed the day at VND7,970 a share and took the lead for liquidity on the HCMC market with over 14 million shares traded.

Overall, the southern bourse saw around 200 million shares worth VND5.7 trillion exchanged, down 28.3% and 25.2% respectively, including block deals worth VND718 billion.

The HNX-Index rose a slight 0.43% at 126.14 points but trading volume and value on the Hanoi exchange slumped 27.5% and 29.9% at 60.7 million shares and VND1.1 trillion. The put-through market saw 8.8 million shares worth VND345.7 billion traded, mostly block deals of 7.1 million shares of lender ACB valued at VND326 billion.

ACB increased 0.2% at VND45,300 per share with four million shares transacted. Surprisingly, securities firm MBS edged up to its ceiling price of VND17,600 per share, ranking second by liquidity with 9.4 million shares traded.

SHB remained the volume leader with 9.9 million shares traded but the bank closed at the reference price of VND12,200 per share. KLF, a trading and food service firm, added 4% at VND2,600 with volume of 5.6 million shares.

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