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Tuesday, June 18, 2024

VN-Index comes under selling pressure

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HCMC – The VN-Index of the Hochiminh Stock Exchange eased off the seven-day winning streak given a sell-off today, April 10.

With 165 winners and 187 losers, the benchmark index shed 2.39 points, or 0.31%, against the previous session at 757.94. The southern market traded more than 338 million shares worth over VND4.1 trillion, rising 13.4% in volume but dipping 6.19% in value against the session earlier. Block deals amounted to over 43 million shares valued at nearly VND859 billion.

Many bank stocks were the main drags of the VN-Index, with BID tumbling 2.1% and HDB falling 3.1%.

Some bluechips were slightly down. Housing developer VHM slid 2.8% at VND67,100 per share and its property affiliate VIC fell 1% at VND95,000. Insurer BVH also lost 2.5%.

Meanwhile, airline shares performed strongly as VJC and HVN shot up to their daily ceiling prices.

Other large-caps such as GAS, PLX, HPG and SAB made mild gains.

Among medium and small stocks, members of the FLC family came under heavy selling pressure as strong profit-taking hit construction firm ROS and pushed it back to its floor price during the session. However, strong demand saved ROS from suffering big losses. It ended down 4.2% with matching volume reaching a massive 82 million shares.

On the northern market, the HNX-Index added 1.15 points, or 1.1% over the day earlier to 105.08, with 56 advancers and 80 decliners.

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