HCMC – Vietnamese stocks maintained their upward momentum today, April 14, though the pace of gain slowed.
The VN-Index added 18.98 points, or 1.55%, to close at 1,241.44 points, with 311 gainers and 179 decliners on the Hochiminh Stock Exchange.
However, stock trade dropped by nearly 40% in volume and 36.6% in value versus the previous session, totaling over 1.04 billion shares valued at VND24.2 trillion. Block deals contributed 57.65 million shares worth nearly VND1.9 trillion.
In the VN30 basket, which groups the 30 largest-cap stocks, VIC continued hitting the ceiling with more than 8.8 million shares changing hands. VHM and MWG also hit the upper limits, with each trading over 15 million shares.
Other large-cap stocks also performed well. Consumer goods firm MSN advanced 5.1%, steelmaker HPG gained 4.3%, and brokerage SSI rose 2.8%.
On the flip side, SSB was the steepest decliner among bluechips, falling 4.3% and closing at its session low at VND19,150. Most other bank stocks edged down by less than 1%.
Bank stocks continued to diverge and were among the few sectors in the red during the session. Meanwhile, the real estate sector led the gainers, driven by strong performance of VIC and VHM. Other property stocks such as HDG and QCG hit the ceiling, while VRE, DXG, and TCH climbed 3-4%. Industrial park developers like KBC and SZC posted modest gains.
Securities stocks took the positive trend, with VIX surging to the daily ceiling of VND12,700 per share. It was the most actively traded stock with over 61.2 million shares exchanged. VND rose by 6.6% with 21.5 million shares traded, while HCM, SSI, and VCI gained over 2%.
On the Hanoi Stock Exchange, the HNX-Index increased 1.66 points, or 0.78%, to close at 215 points, with 105 advancers and 73 decliners. Trading volume reached 87.3 million shares valued at over VND1.45 trillion.
