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Stock market closes in downbeat mood
The Saigon Times
Thursday,  Dec 24, 2020,18:33 (GMT+7)

Stock market closes in downbeat mood

The Saigon Times

An electronic board shows stock prices at a securities firm in HCMC. Trading in the local stock market ended in negative territory today, December 24 – PHOTO: THANH HOA

HCMC – Trading in the local stock market ended in negative territory today, December 24, with the benchmark VN-Index on the Hochiminh Stock Exchange shedding over 11 points.

With the number of losers more than quadrupling that of winners by 367 to 88, the main index fell 11.38 points, or 1.05% against the previous session at 1,067.52. Turnover on the southern bourse contracted with volume and value declining 7% and 5% at over 757 million shares worth more than VND14 trillion, including over VND1.1 trillion worth of shares traded in block deals.

In the group of bluechips, low-cost carrier VJC and brewery firm SAB rose slightly by 0.33% and 0.5%, respectively; while real estate developer VIC moved sideways. The remaining stocks in the group were losers, with bank stocks being the worst performers. For instance, lenders CTG and VPB dropped 1.6% each, their fellows BID, TCB, ACB, EIB sank over 2%, and HDB lost more than 3%.

Losers with 1-2% decrease also included housing developer VHM, dairy firm VNM, retailer VRE, jewelry maker PNJ, and securities company SSI. Steelmaker HPG, consumer goods producer MSN, and technology firm FPT made slight falls by 0.1-0.8%.

Regarding market liquidity, lender STB reported a matching volume of over 29.3 million shares, its fellow TCB saw 26.1 million shares changing hands, followed by steelmaker HPG with 18.5 million shares, and lender MBB with over 16 million shares.

Among speculative stocks, good performers were ITA, SCR, MSB, FIT, BCG. Of them, industrial zone developer ITA ranked second on the southern bourse by liquidity with over 29.2 million shares traded.

On the northern bourse, the HNX-Index lost 2.62 points, or 1.38% over the session earlier at 187.63, with 36 stocks rising and 77 others falling.

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