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VN-Index ends higher as bluechips gain steam

The Saigon Times

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HCMC – The strong gain of bluechips, mainly bank and securities stocks, pushed the VN-Index of the Hochiminh Stock Exchange up 15.09 points, or 1.13%, at 1,354.63 at the close today, October 5.

Market breadth was positive with 238 winners and 157 losers. Over 636 million shares worth VND19.3 trillion changed hands, down 14% in volume and 16% in value over the session earlier. Block deals accounted for VND2.5 trillion of the total value.

In the group of bank stocks, all tickers but VPB gained ground, with lender STB jumping by 6% and reporting a matching volume of over 13 million shares.

Many securities stocks, including VCI, BSI, CTS and FTS, shot up to their ceiling prices at the close, significantly contributing to the gain of the main index.

Other good performers were gas firm GAS, brewery SAB, property developer NVL and housing developer VHM.

Among small and medium stocks, trade corporation HAP, agriculture company SJF, construction firm PHC and wholesale trader QBS hit their upper limits.

Some bluechips, including dairy firm VNM, low-cost carrier VJC, tech firm FPT and jewelry company PNJ, were in negative territory.

Investment firm FIT took the lead by liquidity on bourse with over 33.4 million shares changing hands, but ended the day down 5.6%.

The HNX-Index of the Hanoi Stock Exchange also extended its rally and gained 5.6 points, or 1.55%, from the previous session, at 366.5, buoyed by largecaps.

Lenders SHB and BAB, fuel stock PVS, property group CEO and housing firm NDN improved by 2.5% to 5.9% each.

The group of securities stocks became major drivers of the northern bourse, with SHS, VIG and MBS surging by over 5% each.

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