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Thursday, June 13, 2024

Local stocks advance, main index sets new high

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HCMC – Despite weak demand and dull trading since the first sessions of the week, the VN-Index of the HCMC market ended the week with a sudden increase and set a new record on June 25.

Securities stocks stole the limelight with SSI, HCM, FTS soaring to their ceiling prices. Many other brokerages also rose sharply such as VCI, VDS up 3-4%, and APG and AGR surging 5-6%.

In the group of bank stocks, the number of winners increased. Only VIB and VPB fell slightly while most of the remainder closed in positive territory. Lender HDB expanded 3.1% to hit its upper limit and was the biggest advancer in the VN30 basket.

Apart from that, other bluechips reversed course to end higher such as insurer BVH, steelmaker HPG, tech firm FPT, and dairy company VNM.

As for speculative stocks, while TTF, VOS, VTO, and HID ended on an upbeat note, HQC, FIT, ITA, HAI, HAG were deep in red.

Overall, with 223 advancers and 147 decliners, the benchmark VN-Index added 10.4 points, or 0.75% against the previous session at 1,390.12.

Turnover on the southern market improved 1% in volume and 3.4% in value versus yesterday at over 598 million shares and over VND19 trillion. Shares traded in put-through transactions accounted for some VND2.4 trillion of the total value.

On the northern bourse, strong demand and the support of bluechips enabled the HNX-Index to reach its intraday high at 318.22 points, up 3.14 points or 1% over the session earlier. Similar to the HCMC market, securities stocks on the Hanoi market staged an outstanding performance, such as BVS surging 6.6%, CTS improving 3.5%, VND edging up 5.4%, and SHS jumping 4.6%.

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