Wednesday,  Jun 26, 2019,17:47 (GMT+7) 0 0
HCMC bourse moves higher despite investor caution
By Thanh Thom
Wednesday,  Apr 24, 2019,19:52 (GMT+7)

HCMC bourse moves higher despite investor caution

By Thanh Thom

The bull and bear statues in front of the Hochiminh Stock Exchange in District 1, HCMC – PHOTO: THANH HOA

HCMC – The VN-Index of the Hochiminh Stock Exchange rose 0.92% today compared with the previous session at 976.92 points despite investor caution.

Market breach on the southern bourse was quite positive with 90 advancers and 82 decliners. There were a total of around 134 million shares worth more than VND2.8 trillion changing hands, down 13.4% in volume and a staggering 31.5% in value.

The falls in trade volume and value were attributable to the fact that cash mainly flowed into penny stocks, and block deals were not as robust as in the previous two sessions. Nearly 13 million shares worth some VND336 billion were transacted only.

Among the large-cap stocks, leading property developer VCI and its housing affiliate VHM inched up 0.71% and 0.79% to close the day at VND113,800 and VND89,700 per share, respectively.

Lenders BID, VCB, CTG and TCB gained between 1.17% and 3.18% at VND21,400 to VND68,500 per share.

Despite its price inching down a slight 0.64% to VND31,000, construction firm ROS still led the market by liquidity with around 9.36 million shares traded.

Rubber producer VHG maintained its ceiling level of VND1,690 per share, and almost no shares were transacted in afternoon trade due to slack demand.

The majority of small stocks such as property developers FLC and HAG, steel maker HSG, and industrial park infrastructure developer ITA were actively traded, and in positive territory. Only financial group OGC and realty firm QCG declined.

On the Hanoi Stock Exchange, the HNX-Index added 0.85 points, or 0.8%, to end at 107.14 points, with 75 stocks rising and 73 others falling.

It saw 34.4 million shares worth a combined VND348 billion changing hands, up 16.6% in volume but down 5.7% in value compared with the previous day.

Among the top 10 stocks by market capitalization, leader ACB gained 1.69% at VND30,100, becoming the main prop for the northern bourse.

Additionally, petroleum technical service firm PVS, industrial firm VCS, and building materials manufacturer VGC made positive contributions to the index.

Lender SHB ranked first for liquidity with more than 7.7 million shares traded, followed by PVS with around three million shares and ACB with over one million shares.

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