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Tuesday, June 18, 2024

Southern stock market inches down

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HCMC – Despite positive cash flow, the poor performance of many bluechips sent the VN-Index of the Hochiminh Stock Exchange down at 873.47 points today, August 26, ending its winning streak of three consecutive sessions.

At the close, the main index inched down 0.65 points, or 0.07%, against the session earlier, with 182 rising stocks and 209 others falling. The southern bourse saw 352.4 million shares worth VND6.2 trillion change hands, down 11.7% and 17.4%, respectively, from the day earlier. Block deals contributed VND609.4 billion to the total value.

Many oil and gas stocks maintained active trading, with PVD going up to the ceiling price and taking the lead on the southern bourse by liquidity with matching volume of 17.3 million shares.

Another petroleum stock, PXS, hit the upper limit while gas firm PTL surged by 6.6% at the close.

Many bluechips traded in negative territory, with steelmaker HPG plunging to its intraday low. HPG came second for liquidity with 16.3 million shares changing hands.

Among 20 losers in the VN30 basket, lender VCB, jewelry firm PNJ and brewery firm SAB dipped by 0.48%, 1.1% and 1.2%, respectively, contributing to the decline of the main index.

The HNX-Index of the Hanoi Stock Exchange added 0.52 points, or 0.42%, against the session earlier, to 123.89, supported by many gas and oil stocks such as PVB, PVS and PVC.

Lender ACB ended the day up 0.47%, seeing some six million shares change hands while bank stock SHB lost ground.

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