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Wednesday, June 19, 2024

Strong cash flow keeps stock market up

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HCMC – Cash flow kept running into bluechips today, September 15, driving the VN-Index of the Hochiminh Stock Exchange up 0.19% at 896.26 points.

Market breath remained positive with 209 winners and 201 losers. Trade volume totaled over 381 trillion shares worth VND6.7 trillion, up 5% in both volume and value from the session earlier. Block deals contributed VND1.2 trillion to the total value.

In the VN30 basket, 13 stocks were in positive territory, with lender STB staging an impressive performance as the stock soared by 2.7% at the close. STB was the most actively traded stock on the southern market with matching volume of over 24 million shares.

Property developer VIC, electricity firm POW, retailer VRE and gas firm GAS were among key supporters of the southern bourse.

The small and medium stocks also attracted cash flow, with realty trading firm HQC seeing 17.8 million shares transacted.

On the Hanoi Stock Exchange, the HNX-Index advanced 0.49 points, or 0.39%, at 127.93, buoyed by many bluechips. There were 61.9 million shares valued at VND702.8 billion changing hands, up 12% in volume and 16% in value against the previous session.

Among the bluechips, securities company SHS and investment and trading firm TNG jumped by over 4%.

Lender ACB, oil and gas enterprise PVS and housing firm NDN became major contributors to the index.

SHS led the northern bourse by liquidity with 6.7 million shares changing hands, followed by ACB with 4.6 million shares traded.

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