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VN-Index drops 0.65% as bluechips dive

The Saigon Times

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HCMC – The VN-Index of the Hochiminh Stock Exchange (HoSE) finished 0.65% lower at 1,384.77 points today, October 21 as many bluechips tumbled.

The southern bourse saw 220 stocks winning and 205 others losing. There were more than 709 million shares worth some VND21 trillion changing hands, falling 16% in volume and 12% in value compared with the previous session.

More than 27.6 million shares worth nearly VND1.03 trillion were traded in block deals.

In the VN30 basket, steelmaker HPG and property developers PDR and KDH were the only three stocks that gained ground. KDH rose 1.4% to VND44,900, while HPG and PDR rose slightly.

Twenty-seven other stocks in the basket edged lower, with VJC, SAB, GAS, MSN, VHM, VIC and VCB suffering the steepest decline.

Low-cost carrier VJC fell 3% to VND131,800 and brewery firm SAB fell 2.1% to VND152,000. Petroleum stock GAS, consumer goods producer MSN, property firm VIC, housing developer VHM and lender VCB lost 1.1-2%.

Other worst-performing heavyweights included POW, VPB, SSI, MWG, MWG, ACB and HDB, which dropped 1.5-2%.

HPG was the most actively traded stock in the basket, with more than 39.1 million shares traded, followed by electricity firm POW with 13 million shares and securities firm SSI with 10.2 million shares. Lenders TPB, ACB, CTG, STB, VPB and MBB had 3.5-10.1 million shares traded each.

Among small and medium stocks, real estate stocks stole the limelight, with many of them such as ITC, OGC, LGL, TNI, NTL, QCG, TDG, NBB, NHA and TDH shooting up to their daily ceiling prices.

Other real estate stocks, including DIG, SAM, TCD, D2D, DRH, TDC and BCG, soared 4-6%.

On the Hanoi Stock Exchange, the strong cash flow helped the HNX-Index inch up 0.04%, or 0.16 points, to end at 388.45 points. Gaining stocks outnumbered decliners by 106 to 83. There were over 117.4 million shares worth some VND2.19 trillion transacted.

Small and medium stocks were the best performers, with HHG, BII, SD9, KSQ, SD6, PSW, NDX and HBC climbing to their ceiling prices. KLF, ACM and TTH surged around 4%.

Trading and service firm KLF led the northern market by liquidity with 11.29 million shares changing hands.

Among large-cap stocks, PVS, CEO, SHS, LAS, VCS, BVS and NVB fell slightly.

Petrochemical company PLC, investment company IDJ and construction firm L14 were the biggest gainers, rising 2.5-4.1%.

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