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Vietnam stocks close on positive note led by big caps

The Saigon Times

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HCMC – Strong cash flow into large-cap and bank stocks helped the Hochiminh Stock Exchange (HoSE) regain ground today, September 9, as the VN-Index closed up 10.37 points.

With gainers outstripping decliners by 274 to 134, the benchmark index added 0.78% against the session earlier at 1,343.98 points. Over 642 million shares worth VND19.6 trillion changed hands. Block deals contributed VND1.6 trillion to the total value.

In the VND30 basket, 21 stocks ended up, with mobile phone retailer MWG making the strongest gain, at 6.7%.

Other good performers were jewelry firm PNJ, lenders TPB, VPB, TCB, MBB, ACB and STB, low-cost carrier VJC, petroleum stock PLX and rubber group GVR.

Steel maker HPG continued its upward trend and took the lead by liquidity on the southern bourse, with a matching volume of over 37 million shares.

Many small and medium stocks made gains, with urban development firm CCL hitting its upper limit. Other stocks such as property developer FLC, realty stock DXG, construction enterprise LCG and real estate firm TEG soared by over 2.7% each.

Among transportation and logistics stocks, VNL, TCO and VOS shot up to their daily ceiling prices, while many securities stocks such as FTS, HCM, VND and VCI made mild gains.

The HNX-Index of the Hanoi Stock Exchange extended its winning streak for the 10th straight session, ending up 3.17 points, or 0.91%, over the day earlier, at 350.44, with 115 winners and 61 losers.

Property group CEO stole the limelight as it hit its daily ceiling price. Other major drivers of the northern bourse were construction firm VC2, port company CAG and real estate enterprise BII.

Lender SHB lost steam but became the most actively traded stock on the Hanoi stock market with 12.3 million shares transacted.

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