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Tuesday, June 18, 2024

VN-Index continues upward trend

The Saigon Times

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HCMC – The VN-Index of the Hochiminh Stock Exchange closed up 0.37%, extending its rising streak to the third straight session today, December 28, buoyed by active cash flow and large-cap stocks.

At the close, the benchmark index added 5.51 points from the session earlier, at 1,494.39, with 224 gainers and 242 losers.

Trade volume jumped by 33%, against the day earlier, at over one billion shares worth VND29 trillion, up 32%. Nearly 70 million shares valued at VND2.5 trillion were traded in block deals.

Among bank stocks, STB shot up to its ceiling price and reported a matching volume of over 45 million shares, while HDB made a strong rise at the end.

Other lenders such as EIB, TPB, OCB, ACB and CTG were in positive territory, contributing to the gain of the main index.

In the large-cap group, gas firm GAS was the best performer, while real estate developer NVL and rubber group GVR became major drags on bourse and finished the day down 2.2% and 1.9%, respectively.

Many property and construction stocks gained ground, with NHA jumping by 6.2% and CTD, SZC and C32 climbing by over 4% each.

In the group of speculative stocks, farming stock HAG continued its downtrend, but took the lead by liquidity on the southern exchange with over 49 million shares changing hands, while ROS, FIT, CII, LDG, JVC, QBS and HAR closed at their upper limits.

The Hanoi Stock Exchange was positive as 122 stocks ended up while 115 others lost steam. The HNX-Index advanced 8.64 points, or 1.92%, from the session earlier, at 458.05.

Construction firm CEO finished the day at its ceiling price and saw 7.6 million shares change hands.

Many other tickers such as MAC, OCH, CMS and LUT were among major drivers of the index.

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