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Thursday, June 13, 2024

VN-Index bounces back

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HCMC – After easing a fractional 0.12 point the previous day, the VN-Index of the Hochiminh Stock Exchange managed to recover with improved turnover yesterday, August 12.

The benchmark index gained 3.84 points, or 0.46% against the previous session to reach 846.92, with 205 advancers and 180 decliners. Turnover on the southern bourse made headway with volume and value rising 9.4% and 7.9% at over 272 million shares worth VND4.5 trillion, including VND674 billion worth of shares traded in block deals.

Many stocks in the afternoon reversed course and made gains, some others extended their growth.

Among the top 30 stocks in the HCMC market, just a few such as property firm VIC, consumer goods producer MSN, and lender EIB fell slightly, while lender VCB, housing developer VHM, and rubber group GVR closed at their reference prices.

Outstanding performers that rose over 2% were lender MBB and national flag carrier HVN. Besides, gas firm GAS, fuel distributor PLX, lender BID edged up 1.5-2%.

Steelmaker HPG was the most traded among stocks in the VN30 basket with matching volume of 8.8 million shares, closing up a slight 0.21% to VND24,300. Lender STB ranked second with 8.77 million shares transacted and rose nearly 1%.

However, construction firm ROS and steelmaker HSG were the two most actively traded stocks on the southern bourse, with each reporting a volume of nine million shares. Both of them closed in negative territory.

Meanwhile, the HNX-Index on the northern bourse lost steam as it ebbed 0.19 point, or 0.17% versus Tuesday at 116.1, with 78 winners and 71 losers. Matching volume and value of the Hanoi market plunged over 25% and 31% respectively compared to the session earlier.

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