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Stocks extend rally as cash flow stays strong

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HCMC – The local stock market maintained its winning streak on upbeat investor sentiment today, December 22, with not only largecaps but also small and medium stocks attracting strong cash flow, although the increase has eased somewhat.

The benchmark VN-Index of the Hochiminh Stock Exchange expanded 2.37 points, or 0.22% over the session earlier at 1,083.45, with 269 advancers and 167 decliners. More than 756 million shares worth over VND14.5 trillion were transacted on the southern bourse, rising 6% in volume and 2% in value against the previous session. Shares traded in block deals accounted for nearly VND1.7 trillion of the overall value.

Among largecaps, mobile phone retailer MWG, refrigeration electrical engineering company REE, securities firm SSI, and sugar maker SBT all soared over 3%; steelmaker HPG, electricity firm POW, and jewelry maker PNJ rose 1-2%; while lender EIB and construction firm ROS hit their upper limits. Meanwhile, dairy firm VNM, gas company GAS, consumer goods producer MSN, and lender VCB ended in the red.

Lender STB was the most actively traded stock on the HCMC market with 34.46 million shares transacted. Some other lenders such as MBB and TCB reported a high matching volume of 22.8 million and 17.1 million shares, respectively, but they closed in negative territory.

Steelmaker HPG ranked third by liquidity, with over 26 million shares changing hands.

Aside from largecaps, the majority of small and medium stocks staged good performance thanks to strong cash flow, with over 50 stocks making gains. Of them, ITA, HQC, LCG, TDH, ASM, VOS, APG, and GVR hit their upper limits since the start of the session. Especially, industrial zone developer ITA came second by liquidity as it reported 28.5 million shares transacted.

On the northern bourse, the HNX-Index added 5.73 points, or 3.15% versus Monday to close at its intraday high of 187.85, with 134 winners and 54 losers.

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