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Ho Chi Minh City
Tuesday, July 23, 2024

Bluechips shine bright, propping up stock market

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HCMC – Bluechip stocks hogged the limelight and were the top contributors to the local stock market’s growth today, August 13, with the VN-Index on the southern bourse beating the level of 850 points, which was established before the second coronavirus wave hit Vietnam in late July.

The benchmark index expanded 8.13 points, or 0.96% against the previous session at 855.05. The number of winners tripled that of losers at 294 to 95. However, market turnover decreased with volume and value dropping 5.97% and 1.43% at 256.2 million shares and VND4.4 trillion, respectively.

Stocks in the VN30 basket were the main supporters for the HCMC market. Only lender EIB and real estate developer NVL fell slightly, while sugar producer SBT and housing developer VHM stood at their reference prices, the remaining stocks ended in positive territory.

Also, some largecaps made hefty gains such as brewery firm SAB soaring 2.29% to VND183,000 per share, or three lenders VCB, BID, CTG and gas firm GAS inching up by 1-2%.

Among rising stocks, the financial service provider TCH did not earn impressive growth but the stock has still maintained its slight gain with active trading since it was added to the basket. Closing, TCH improved 0.2% to VND20,550 with matching volume of nearly 2.6 million shares.

Another outstanding largecap was lender HDB which recorded its ninth straight day of gains and thus helped buoy the VN-Index. HDB edged up 0.9%.

Regarding small and medium stocks, OGC, EVG, FIT, TSC hit their upper limits, and HQC, ITA, DXG closed in the green. Of them, realty trading firm HQC led the southern bourse by liquidity with nearly 8.2 million shares transacted.

On the northern bourse, the HNX-Index mainly moved flat and inched up slightly to close at its intraday high of 116.87 points, up 0.66% compared to Wednesday, with 97 winners and 60 losers.

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