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Friday, June 14, 2024

Market turnover continues downward trend

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HCMC – The benchmark VN-Index of the HCMC market moved sideways today, June 24, and market turnover continued to fall amid cautious investor sentiment.

With 112 advancers and 274 decliners, the main index added 2.85 points, or 0.21% versus the previous session at 1,379.72. The southern market saw over 591 million shares worth over VND18.4 trillion changing hands, dropping nearly 17% in volume and 12% in value against Wednesday. Shares transacted in block deals contributed some VND1.8 trillion to the overall value.

The main index advanced thanks to the support of heavyweights, especially the rebound of State-owned lender VCB. Besides this, property developer NVL, gas firm GAS, and rubber group GVR were among the top contributors to the VN-Index’s growth.

Other good performers included retailer VRE and lender CTG that rose 1.6% and 1.3%. Lender VCB, housing developer VHM, brokerage SSI, and realty firm VIC made slight gains.

Meanwhile, lender STB fell a sharp 2.5%, housing developer KDH contracted 1.8%, steelmaker HPG lost 1.6%, and insurer BVH and dairy firm VNM shed 1.4% each.

Three lenders CTG, MBB, and STB were the most actively traded stock in the VN30 basket with a matching volume of 21-24 million shares each.

Among small and medium stocks, FIT, VOS, DAH, HID, and VTO soared to their ceiling prices. Also, FLC, AAA, KBC, DXG closed in positive territory. However, many others bucked the market uptrend and ended with deep losses such as SCR, PVT, and EVG.

On the northern bourse, the HNX-Index shed 0.72 points, or 0.23% over the session earlier to close at 315.08. Brokerage EVS stole the limelight in the Hanoi market as it surged a staggering 9.8% to its upper limit.

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