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Main index starts new week in upbeat mood

The Saigon Times

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HCMC – Despite strong selling pressure, many large-cap stocks gained ground, driving the VN-Index of the Hochiminh Stock Exchange up 0.35% at the close today, October 4.

With gainers outnumbering decliners by 224 to 179, the main index rose by 4.65 points at 1,339.54. Trade volume totaled over 736 million shares worth VND22.8 trillion, falling slightly in both volume and value compared with the previous session. Block deals contributed VND1.5 trillion to the total value.

Steelmaker HPG jumped by 3.9% at the close and took the lead by liquidity on bourse with a matching volume of over 45 million shares, making a substantial contribution to the main index. Other steel stocks such as NKG, HSG, SMC and POM also performed well.

In the group of electricity stocks, GEG, NT2, SJD, KHP and VSH shot up to their upper limits, while electricity firm POW improved by 3.7% and reported a matching volume of 31.8 million shares.

Many oil and gas firms, including PLX and GAS ended up at the close, while other major contributors included rubber group GVR, low-cost carrier VJC, insurer BVH and tech firm FPT.

Meanwhile, the group of bank stocks put pressure on the main index as lenders CTG, HDB, VCB, TCB, ACB, STB and VPB were in negative territory.

On the Hanoi Stock Exchange, the HNX-Index advanced 4.41 points, or 1.24%, at 360.89, with 133 winners and 88 losers.

Lender SHB closed at an intraday high of 8% and saw over 27 million shares change hands, making it the most actively traded stock on the northern market.

Petroleum stocks PVB and PVC continued their upward trend and closed up 6.8% and 4.2%, respectively.

On the negative side, plastic enterprise NTP dipped by 3%, while securities company MBS lost 4.4%.

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