28.9 C
Ho Chi Minh City
Tuesday, June 18, 2024

VN-Index drops to nearly-two-month lows

The Saigon Times

Must read

HCMC – Strong selling today, November 16, led the VN-Index of the Hochiminh Stock Exchange to lose 10.12 points, or 0.69%, at 1,466.45 points, the lowest since September 27.

Losing stocks far outnumbered winning ones by 299 to 166. Nearly 1,224 million shares worth over VND34.8 trillion changed hands, increasing 4% in volume and 2% in value compared with the previous session. More than 66.3 million shares worth some VND3 trillion were traded in block deals.

Among bluechips, steelmaker HPG, lender HDB, and rubber group GVR were the biggest decliners, down 3% to VND52,000, 3.3% to VND27,900, and 2.8% to VND39,350, respectively.

Besides, jewelry firm PNJ fell 2.5% to VND108,000, securities company SSI edged down 2.3% to VND44,750, petroleum stock PLX inched down 2.2% to VND58,800, and housing firm KDH lost 2.1% to VND48,250.

Among the major drags were housing developer VHM and fuel distributor GAS, which declined 1.2% and 1.9%, respectively.

Insurer BVH was the best performer in the VN30 basket, surging 3% to VND64,600. Electricity firm POW, tech firm FPT, low-cost carrier VJC, and brewery SAB were among a few gainers, but they rose by only 0.4-1.4%.

In the group of small and medium stocks, strong selling resulted in LDG, HAI, AMD and QBS dropping to their daily floor prices. HQC, FLC, ITA, DXG, DLG, KBC, HNG, CII, SCR, HHS, TTF, FIT, IJC, and NLG lost 2.2-6.8%.

Real estate and construction stocks stole the limelight. TNI, TNT, PXI, TVS, HAX, MCG, DAG, and HVX shot up to their ceiling prices.

Logistics stocks were also the best performers, with VOS, VTO, VIP, GMD, and TCL soaring 3-4.2%.

Other major gainers among speculative stocks were PVD, FDC, PET, BFC, CKG, VCG, DGW, and APG, up 3-5%.

Real estate firm HQC led the southern market by liquidity with over 42.1 million shares transacted.

On the Hanoi Stock Exchange, the HNX-Index rose 1.79%, or 7.97 points, to end at 452.25 points, helped by gains of big stocks.

There were 113 advancers and 160 losers. More than 191.3 million shares worth some VND4.55 trillion were transacted.

Tour service provider THD and construction firm CEO were the biggest gainers. THD shot up to its ceiling price at VND249,700 and CEO hit the upper limit for the seventh straight session at VND23,900.

CEO was also the most actively traded stock on the northern market with more than 19.56 million shares changing hands, followed by trading and service firm KLF with 18.9 million shares. However, KLF plunged to its floor price of VND6,100.

Other major contributors were PHP, PVI, NTP, and APS, which surged 2-5.1%. Besides, VIG, CVN, CMS, PCG, DTC, CAG, and CIA rose to their ceiling prices.

In contrast, ART, NDN, DL1, HHG, TTH, HUT, and PVL lost around 4%, and KVC edged down to its floor price of VND6,500.

More articles


Please enter your comment!
Please enter your name here

Latest articles