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Saturday, December 3, 2022

VN-Index closes down amid cautious sentiment

The Saigon Times

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HCMC – Investor caution and poor performance of bank stocks sent the VN-Index of the Hochiminh Stock Exchange down 3.14 points today, December 2.

Market breadth was negative as 212 stocks rose while 260 others lost ground. The main index fell by 0.21% from the session earlier at 1,482.05 points. Over 763 million shares worth VND23 trillion changed hands, down 13% in volume and 14% in value against the day earlier. Block deals contributed VND947 billion to the total value.

Most of bank stocks, except for VCB and TPB, were in negative territory, with lender VPB reporting the sharpest drop in the VN30 basket.

Other lenders such as MSB, STB, HDB and TCB lost over 1%, while BID, CTG, ACB, LPB and SSB experienced a gloomy trading day.

In the group of securities stocks, APG shot up to the ceiling price and VCI closed at the reference price, while the remainder ended in the red, with TVS dipping 3.3%.

The southern bourse also saw many oil and gas stocks, including GAS, PVD, PSH and PXS, lose steam at the close.

Among major drivers of the main index, fuel distributor PLX improved 2.2%, while realty firm VIC made the biggest contribution.

Many real estate and construction stocks, including CIG, DHG, DLG, FCN, HDC, MCG, TTB, PTC and C47, also made strong gains.

Construction firm ROS advanced 1.7% and became the most actively traded stock on the southern market with over 26 million shares traded.

The HNX-Index of the Hanoi Stock Exchange ended up 2.42 points, or 0.53%, from the previous session, at 458.33, supported by large-cap stocks. The northern bourse turned positive with 154 stocks rising and 98 others falling.

Among good performers, property firms CEO and HHG and securities company VIG went up to their upper limits.

Food service provider KLF, securities firm SHS and asset management corporation TVC were in negative territory.

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