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Monday, December 23, 2024

Real estate, construction stocks spur VN-Index

The Saigon Times

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HCMC – The VN-Index of the Hochiminh Stock Exchange rose 0.87% today, December 13, mainly driven by real estate and construction stocks.

The benchmark index added 12.67 points to close at 1,476.21 points, with 269 gaining stocks, including 45 stocks shooting up to the ceiling prices, and 145 declining ones.

There were 865.58 million shares worth more than VND25.9 trillion changing hands on the southern bourse, increasing 8.43% in volume and 12.57% in value against the previous session. More than 50.4 million shares worth some VND2.33 trillion were traded in block deals.

In the VN30 basket, gainers outnumbered decliners by 19 to nine. Real estate stocks were the best performers in the basket, with KDH, GVR and VHM soaring 3.8%, 2.7% and 1.5%, respectively.

In contrast, more than half of the decliners were bank stocks. TPB, HDB and VPB suffered the steepest drop, down 2.9%, 2.1% and 1.1%, respectively.

Many real estate and construction stocks shot up to the ceiling prices such as HQC, SCR, CII, TDC, VPH, HAR, QCG, NLG, AGG, VRC, VNE, LGL, DIG, NBB, HBC and NTL. Besides, IJC, CTI, ASM, TIP and DXS surged 4-6.5%.

The contributors also included securities stocks, with HCM, SSI, VCI, VND, AGR, CTS, FTS, VDS, VIX and BSI gaining ground.

Among steel stocks, TLH was the biggest gainer, soaring 5.9%, while HPG, HSG, NKG and POM rose 0.1-2.3%.

Bank stocks were mixed, with SSB, MBB, STB, LPB and BID ending higher, while TPB, HDB, SHB, MSB, EIB, VPB, OCB, TCB and VCB lost ground.

In the group of speculative stocks, HAG, HNG, IDI, SJF and TNI hit their upper limits. ROS and FLC also shot up to the ceiling prices and had good liquidity, with more than 36 million and 31.56 million shares changing hands, respectively.

On the Hanoi Stock Exchange, the HNX-Index fell 0.39%, or 1.78 points, to end at 450.75 points. Losing stocks outnumbered winning ones by 146 to 92. There were more than 108 million shares worth some VND2.94 trillion transacted.

In the HNX30 basket, only five stocks lost ground. Mining firm NBC suffered the steepest decline, down 3.4%, while asset management corporation TVC, investment and trading company TNG, property firm NDN and stone processor VCS fell only some 0.5%.

Property group CEO was the biggest gainer in the basket, surging 7.6% to close at VND41,000. In addition, real estate and construction stocks such as L14, LHC, VMC, DTD, IDV and IDC soared 2.8-7.1%.

Securities stocks also enjoyed a positive session, with SHS, MBS, BVS, VIG and ART rising 1.6-4.3%.

Food service provider KLF was the most actively traded stock on the northern market with 11.17 million shares changing hands, followed by petroleum stock PVS with nearly 6.4 million shares.

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