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Stock market maintains growth momentum

The Saigon Times

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HCMC – The Hochiminh Stock Exchange ended the final session of the week in upbeat mood as the VN-Index gained 6.74 points today, October 8, extending its winning streak to the fifth straight day.

At the close, the main index added 0.49%, from the session earlier, at 1,372.73 points, with 187 gainers and 221 losers.

Trade volume totaled 632.8 million shares valued at VND17.9 trillion, down 8.6% and 9.8%, respectively, over the previous session. Over 29 million shares worth VND1 trillion were traded in block deals.

In the VN30 basket, as many as 24 stocks gained ground, with tech firm FPT jumping by 4.9% and reporting a matching volume of 8.3 million shares.

Other major drivers were brewery SAB, jewelry company PNJ, housing developer KDH and consumer goods producer MSN.

The group of bank stocks stole the limelight, with most of them, except for MSB, ending the day up. Lenders TCB, SSB, HDB and SSB advanced over 1% each, while bank stock OCB climbed 2.3% at the close.

Property developer FLC took the lead by liquidity with over 27 million shares changing hands, gaining 1.3%.

Other medium and small stocks, including construction firm ROS, agricultural firm HAI and mining enterprise AMD, finished the day up and turned attractive to investors. ROS saw 15.3 million shares change hands.

However, many property and fertilizer stocks came under strong selling pressure and lost steam.

On the Hanoi Stock Exchange, the strong gain of many large-cap stocks pushed the HNX-Index up 1.52 points, or 0.41%, over the session earlier, at 371.92.

Lender NVB was among the best gainers as the stock closed at its intraday high, while construction firm L14 continued its upward trend and ended up 3.8%.

Property enterprise CEO lost ground, but it became the most actively traded stock on the northern bourse with a matching volume of 6.3 million shares, followed by trading and service firm KLF with 6.1 million shares traded.

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