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Tuesday, June 25, 2024

Local stocks stay in positive territory

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HCMC – Despite selling pressure from foreign investors, strong domestic cash flow helped the stock market maintain growth momentum, with the VN-Index of the Hochiminh Stock Exchange adding 0.11% at the close today, October 6.

Market breath remained positive with 212 gainers and 174 losers. The main index advanced 0.99 points from the session earlier at 915.67. Trade volume and value improved by 8.8% and 12.4% at 496.1 million shares and VND8.2 trillion, respectively. There were 23.6 million shares worth VND900 billion traded in block deals.

In the VN30 basket, financial service provider TCH earned impressive growth.

Closing the day, TCH gained 2.1% to the intraday high and saw some 13 million shares change hands.

Other large-cap stocks such as property firm VHM, lender VCB and brewery firm SAB made a slight rise while steelmaker HPG and consumer goods producer MSN jumped by 3.3% and 3.6%, respectively.

Cash flow ran strongly into small and medium stocks, with industrial zone developer ITA taking the lead on the southern bourse by liquidity with a matching volume of 31.9 million shares.

Property group FLC and realty trading firm HQC were among outstanding cash magnets, with 30.4 million shares and 21.3 million shares exchanged, respectively.

The HNX-Index of the Hanoi Stock Exchange continued its upward spiral, gaining 0.59 points, or 0.43%, against the previous session, at 137.77.

Lender ACB was among key drivers of the northern bourse, closing up 1.7%. ACB was the most actively traded stock on the Hanoi market with 11 million shares transacted.

Investment and industrial development firm IDC and forestry corporation VIF also extended their rally, contributing to the gain of the index.

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