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Stock market starts week in bullish mood

The Saigon Times

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HCMC – Upbeat investor sentiment and strong gains of many bluechips helped the VN-Index of the Hochiminh Stock Exchange close the first session of the week fly high today, December 27.

With winners outnumbering losers by 259 to 199, the main index improved 11.85 points, or 0.8%, from the session earlier, at 1,488.88.

Trade volume totaled 751.26 million shares worth over VND22 trillion, down 15.5% and 13.2%, respectively, against the previous session. Block deals contributed VND1.6 trillion to the total value.

In the VN30 basket, property firm VIC shot up to its intraday high, while fuel distributor PLX and lenders TPB, VCB and CTG performed well.

Many other bank stocks such as EIB and SSB extended their gains, while the group of property stocks, including NVL, THD, PDR, VCG and KBC, reversed course to finish the day up.

In the group of small and medium stocks, many tickers such as POW, ROS, LDG, DLG, YEG, TCH and CII closed the session at their ceiling prices.

Farming stock HNG shot up to its upper limit and took the lead by liquidity on the southern bourse with over 37 million shares changing hands.

Many steel stocks became major drags of the main index, however, with HSG, NKG, TLH and SMC dipping by over 1% each.

On the Hanoi Stock Exchange, the HNX-Index maintained its growth and ended the day up 3.8 points, or 0.85%, from the session earlier, at 449.41, with 109 gainers and 123 decliners.

Many property and construction stocks were among main drivers of the index. Construction firm CEO gained ground and became the most actively traded stock on the northern market with a matching volume of 8.9 million shares.

The HNX30 basket also saw many stocks such as development and investment stock DXP, construction ticker LHC and industrial development firm IDC end in the green.

On the negative side, construction firm VC3 reported the deepest fall at 4.7%.

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