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Ho Chi Minh City
Thursday, June 20, 2024

Main index ends higher as stocks rebound broadly

The Saigon Times

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HCMC – The local stock market bounced back today, November 10, with fuel stocks rising further while steel stocks encountered heavy selling.

The benchmark VN-Index added 3.52 points, or 0.24% against yesterday to close at 1,465.02. The HCMC market witnessed 258 stocks expanding, including 43 hitting their upper limits, and 194 others declining. Only medi-pharma firm VMD fell to its floor price following the news that its board chairwoman has been prosecuted and detained over land auction irregularities.

Turnover on the southern bourse contracted 4% in volume and remained the same in value versus the previous session at 985.5 million shares and VND29.7 trillion. Shares traded in block deals contributed over VND1.3 trillion to the overall value.

Besides, after experiencing profit-taking, real estate and construction stocks such as HBC, DIG, SCR, CCL, DRH rose to their upper limits, in addition to many other winners. Meanwhile, 16 stocks in the groups dropped, including VHM inching down 0.48%, BCM shedding 3.21%, and PDR losing 3.36%.

Among bank stocks, EIB was the best advancer as it rose 1.96%. TPB, STB, and HDB jumped over 1%, and VCB improved 0.51%. Meanwhile, their fellows such as OCB, TCB, CTG closed in negative territory.

Securities stocks also extended rally. Only VND, FTS, and VDS fell slightly by below 1%, while the rest expanded.

As for steel stocks, only three of them increased slightly while the rest lost ground, with HPG dipping 2.12%, HSG declining 2.52%, and NKG dropping 3.35%.

On the northern bourse, the HNX-Index improved 5.6 points, or 1.29% over the session earlier at 438.24, with 173 winners and 70 losers.

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