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Thursday, September 23, 2021

Vietnam stocks continue winning streak

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HCMC – The VN-Index of the Hochiminh Stock Exchange (HoSE) extended its rising streak for the fourth consecutive session today, September 1, albeit modestly.

With 219 gainers and 173 losers, the benchmark index added 3.18 points, or 0.24%, at 1,334.65 points.

There were 720 million shares worth nearly VND24.5 trillion traded on the southern bourse, down 2% in volume and 7% in value. Of the total, 40.2 million shares valued at more than VND3.6 trillion were transacted in block deals.

Among bank stocks, only CTG, BID, TPB and MSB made gains. Of which, only MSB rose over 1%, while the other three inched up less than 1%.

In addition, VCB, ACB and MBB closed at their reference prices and the remainder edged down.

CTG led the bank stocks by liquidity with nearly 15.3 million shares changing hands, followed by MBB with over 12.7 million shares and STB with more than 10 million shares.

As for securities stocks, the number of winners was higher but they could not help buoy the index much as most of the advancing stocks were small and medium.

Among steel stocks, HPG fell a slight 0.2% and POM dropped 0.9%. Meanwhile, SMC surged 4.7% at VND50,000 and NKG added 2.6% at VND39,450.

The biggest drag on the HCMC stock market was consumer goods company MSN, which had supported the market in previous sessions. It lost 1.26% at VND133,300.

Electricity stock POW was the most actively traded stock on the bourse with nearly 30 million shares transacted. It soared 5.1% to its intra-day high of VND12,450.

On the Hanoi bourse, the HNX-Index increased 0.62 point, or 0.18%, at 343.42 points.

Some 141 million shares worth over VND2.8 trillion were traded, down 7% in volume and over 14% in value against the session earlier.

Lender SHB closed down 2.2% to its lowest level of the day, at VND26,900, but led the bourse by liquidity with 12.7 million shares matched.

Meanwhile, infrastructure developer DL1 shot up 8.4% at VND9,000 and industrial development firm IDC gained 3.5% at VND41,400.

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