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Saturday, May 18, 2024

Local stocks maintain winning streak

The Saigon Times

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HCMC – The local stock market extended rally with the benchmark VN-Index of the HCMC bourse gaining over 15 points today, December 9, over improved investor sentiment, but market liquidity still declined.

With 321 winners and 130 losers, the main index added 15.11 points, or 1.04% against the previous session at 1,467.98. More than 665.4 million shares valued at over VND19.5 trillion were traded, down nearly 14% in volume and 10% in value over the session earlier. Shares transacted in put-through deals contributed around VND1.5 trillion to the total value.

Up to 26 stocks in the VN30 basket made gains. Of them, housing developer KDH soared 5%, brokerage SSI improved 3.9%, jewelry maker PNJ, lender CTG, and electricity firm POW each inched up over 2%.

Many largecaps obtained further growth, with VIC, NVL, VRE, and VNM rising by 1-1.7%. Also, gas firm GAS, lenders VCB, MBB, ACB, TCB, and housing developer VHM closed in positive territory.

Meanwhile, lender VPB, brewery SAB, and steelmaker HPG fell slightly, and lender BID closed unchanged.

Regarding small and medium stocks, many of them expanded further. Stocks in the construction and real estate sectors staged an impressive performance, with FCN, TCH, CTD, and BCM all hitting their upper limits. Besides, ASM, DLG, BCG, EVG, and PTL ended on an upbeat note.

Farming group HAG and its affiliate HNG stole the limelight. HAG led the HCMC market by liquidity with over 48.7 million shares changing hands, and closed 3.3% higher, while HNG surged 7% to reach its ceiling price of VND9,810 and saw over 19 million shares traded. Other stocks in the agriculture sector such as PAN, ABS, BAF were winners as well.

Trading on the northern bourse also became more active toward the end of the session. With 126 advancers and 106 decliners, the HNX-Index improved 0.62% day-on-day, or gaining 2.79 points to close at 452.53.

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