Tuesday,  Oct 23, 2018,19:55 (GMT+7) 0 0
Stocks rise for third day on HCMC bourse
Phuong Thao
Wednesday,  May 16, 2018,15:35 (GMT+7)

Stocks rise for third day on HCMC bourse

Phuong Thao

HCMC – Though selling turned active later May 15, the VN-Index of the Hochiminh Stock Exchange stayed in positive territory for the third consecutive session, climbing 6.52 points, or 0.61%, versus Monday at 1,073.5.

The HCMC market saw 158.3 million shares worth nearly VND4.6 trillion changing hands at the end of the day, up 14.8% and 6.3% respectively. The put-through market saw large deals worth VND941 billion conducted, including 4.5 million shares of property firm NVL worth VND248.5 billion.

Property firm VIC and its retail affiliate VRE lost steam, moving flat at VND132,000 and dipping 1.9% at VND47,900 a share respectively. On Monday, VIC was the top contributor to the day’s gain amid growing positive investor sentiment on the listing of VIC unit Vinhomes later this week.

Most banks stood firm despite surging selling pressure in the last matching phase. Except for EIB that declined, and STB and MBB that closed unchanged, all lenders advanced thanks to healthy volume.

CTG was the volume leader in the banking sector with 5.3 million shares traded, followed by MBB with 4.3 million shares and VPB with over three million shares. CTG also ranked third by liquidity on the HCMC market.

Notably, fuel trading firm PLX and plastic enterprise BMP went up to their ceiling prices of VND70,600 and VND60,000 per share respectively. Other petroleum stocks like GAS, PVD, PVT and PXS also jumped as Brent crude oil traded near three-year highs.

Sugar firm SBT again led the market by liquidity with 5.9 million shares exchanged but it fell 2% at VND17,600 a share. Financial firm OGC was the second most actively traded stock with volume of 5.8 million shares, soaring 5% at VND2,210 a share.

Among losers, securities firm VND plunged 6.2% at VND22,100 per share with volume of 3.4 million shares. VHG, which is active in the rubber sector, closed at the floor price of VND1,320 a share with more than one million shares traded.

The HNX-Index of the Hanoi Stock Exchange seesawed strongly before closing up 0.3% at 123.65, buoyed by oil and gas stocks like PVS and PVC. Trading volume on the Hanoi market slumped 27.4% at 38.3 million shares while value edged down 2% at nearly VND633 billion.

SHB again was the volume leader with 5.2 million shares traded but the bank slid 0.9% at VND10,600 per share. Meanwhile, its fellow bank ACB added 0.5% at VND44,500 a share with volume of over 2.8 million shares.

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