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Thursday, October 21, 2021

VN-Index drops 0.64% as heavyweights dive

The Saigon Times

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HCMC – The VN-Index of the Hochiminh Stock Exchange finished 0.64% lower at 1,301.12 points today, August 26 after a session that saw many heavyweight stocks perform poorly.

There were 189 winning stocks and 180 losing ones. The southern bourse saw 524.3 million shares worth some VND17.76 trillion changing hands, increasing slightly in volume and over 7% in value compared with the previous session.

More than 26.4 million shares worth VND1 trillion were traded in block deals.

Many stocks in the VN30 basket sagged. Real estate development company PDR and jewelry company PNJ suffered the steepest declines, down 3.8% to VND83,500 and 3.1% to VND86,200, respectively.

Most bank stocks lost ground, with CTG, TPB, BID, MBB, TCB and ACB losing 1.5-3%. VCB, VPB, STB and HDB fell slightly.

Other major stocks that dragged the market down included VIC, GAS, HPG, SSI, PLX and NVL, which declined 1.1-1.7%.

Only some bluechips such as GVR, POW, MWG, SAB, VNM and VRE rose, but by less than 1%.

Meanwhile, small and medium stocks performed positively. Transport and logistics stocks GMD, VNL, STG, MHC and TCL surged 3.7-6.7%, while VOS, VTO and HAH shot up to the ceiling prices.

Among fertilizer stocks, DCM, DPM and BFC were the biggest gainers, soaring 4.1% to VND24,150, 5.6% to VND35,800 and 2.7% to VND34,450, respectively.

Refrigeration electrical engineering firm REE and water environment company BWE shot up to the respective ceiling price of VND62,100 and VND40,200.

Lender CTG led the southern bourse in terms of liquidity with more than 21 million shares changing hands. Other actively traded stocks were POW, SSI, MBB, STB, VHM and HPG with between 11.87 million and 13.85 million shares changing hands each.

On the Hanoi Stock Exchange, the HNX-Index rose 0.25%, or 0.85 points, to end at 336.85 points, with 94 gaining stocks and 97 decliners. There were over 118.6 million shares worth some VND2.96 trillion changing hands.

The major contributors were lender SHB, investment and trading company TNG and real estate company DXS, which surged 2.5% to VND28,200, 6.5% to VND31,200 and 4.9% to VND28,500, respectively.

Besides, fertilizer firm LAS rose 2.5% to VND16,800 and port operator PHP shot up to the ceiling price at VND30,900.

The worst performing stocks were PVS, SHS, TVB, PAN and BVS, falling 2.1-6.3%.

SHB led the northern market in terms of liquidity with 28.39 million shares changing hands.

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