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Thursday, July 25, 2024

Strong cash flow spurs local market

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HCMC – Trading on the local stock market ended on an upbeat note on May 6, with two indexes on both southern and northern bourses closing at their highest levels.

The VN-Index of the Hochiminh Stock Exchange soared as high as 18.43 points, or 2.41% against the session earlier to close at 782.59, with 247 winners and 104 losers.

On the HCMC market, volume surged 28.3% at 272.4 million shares and value soared 86.5% at more than VND6.3 trillion.

VHM jumped a staggering 5.35% to VND67,000, with matching volume put at 4.29 million shares. Property firm VIC continued its growth momentum to close at its intraday high of VND95,000, adding 2.48%. Notably, retailer VRE made the highest gain in the Vingroup family as it surged 6.16%.

Among bluechip stocks, lender HDB shed 1.15% while its fellow EIB closed at its reference price, the remaining stocks ended in positive territory. Gas firm GAS, brewery SAB and its fellow BHN rose over 4% each. Insurer BVH and steelmaker HPG expanded over 3%.

Bank stock STB was the most actively traded stock in the group with 8.42 million shares changing hands, followed by steelmaker HPG and lender CTG.

The Hanoi Stock Exchange recovered with the HNX-Index gaining 1.25 points, or 1.18% versus the previous session to stay at 106.66. Trading volume skyrocketed 80.8% at over 50 million shares and value also increased sharply 50% compared to Tuesday.


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