Monday,  Oct 26, 2020,05:36 (GMT+7) 0 0
Property, construction stocks push market up
The Saigon Times
Monday,  Sep 14, 2020,18:44 (GMT+7)

Property, construction stocks push market up

The Saigon Times

Employees of HCMC Securities Corporation monitor stock prices. Real estate and construction stocks help spur the VN-Index today, September 14 - PHOTO: THANH HOA

HCMC – Real estate and construction stocks enjoyed strong rises on the HCMC Stock Exchange today, September 14, and sent the VN-Index up 5.6 points, or 0.63%, at 894.57 points.

Market trade kept improving, with volume and value expanding 17.59% and 15.63% at more than 364.43 million shares worth VND6.38 trillion, respectively.

Among construction stocks, steel firm HSG closed the day at its ceiling price of VND12,700, the highest over the past 1.5 years, and was the best performer by liquidity in the southern bourse with 25.8 million shares changing hands.

Other building material stocks, such as TNI and TLH, also increased to their ceiling prices. In addition, NKG jumped 3.27% at VND7,900; and POM added 3.9% at VND5,300.

As for real estate stocks, both SCR and ASM picked up 6.9% to their ceiling prices of VND6,180 and VND7,170, respectively.

Especially, giant VIC significantly supported the market’s rise as it gained 2.2% at VND93,100.

In the VN30 basket, 21 stocks gained while only six others dropped. However, most large stocks, such as lenders BID, VCB and TCB and housing developer VHM reported a modest increase of some 0.5% each.

On the Hanoi Stock Exchange, the HNX-Index rose 1.23 points, or 0.97%, at 127.43. Some 55.26 million shares worth VND606.45 billion were traded on the bourse.

Stocks that helped push the index up included lender ACB, industrial firm VCS and electricity generator IDC with an increase from 1.5% to 5.2% in stock prices.

Share with your friends:         
 
Business
Society
Life
Travel
 
Publication Permit No. 321/GP-BTTT issued on October 26, 2007
Deputy Editor-in-Chief: Pham Huu Chuong
Managing Editor: Nguyen Van Thang.
Assistant Managing Editor: Pham Dinh Dung.
Head Office: 35 Nam Ky Khoi Nghia St., Dist.1, Ho Chi Minh City, Vietnam. Tel: (84.28) 3829 5936; Fax: (84.28) 3829 4294.
All rights reserved.