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VN-Index ends higher as heavyweights rebound

The Saigon Times

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HCMC – The VN-Index of the Hochiminh Stock Exchange closed higher today, August 27, as many heavyweights bounced back.

At the close of trade, the benchmark index was up 12.08 points, or 0.93%, at 1,313.2.

Winning stocks far outnumbered losers by 260 to 115. The southern market saw 524.3 million shares worth some VND17.76 trillion change hands, surging 20.57% in volume and 20.37% in value against the session earlier.

Approximately 26 million shares were traded in block deals with the total value of nearly VND1.22 trillion.

In the VN30 basket, 21 stocks gained ground, helping the VN30-Index add over 6 points.

The biggest gainers were rubber group GVR and electricity company POW, which surged 5.4% to VND37,400 and 4.8% to VND11,900, respectively.

POW took the lead in terms of liquidity with 26.37 million shares changing hands.

Some other gainers in the group included VIC, VHM, BID, BVH, GAS, MSN and SAB.

Bank stocks were mixed, with BID, VPB, STB, MSB and EIB rising approximately 1%, while CTG, TCB, MBB, ACB, VIB, HDB, TPB, OCB and LPB fell slightly.

Most securities stocks rebounded from yesterday’s session. HCM and VCI were the best performing securities stocks as both of them rose over 2%.

Besides, VIX shot up to the ceiling price at VND28,100. Meanwhile, SSI, AGR, APG, FTS, TVB, VDS and CTS increased slightly.

Among financial stocks, insurance stocks stole the limelight. MIG and BIC shot up to the ceiling prices, ABI soared 10% to close at VND65,000 and BVH rose 1.5% to VND53,400.

Regarding real estate and construction stocks, KBC, DIG, IJC, FCN, HBC and NTL rose 3.5-5.9%, while LCG, BCG, HT1, ASM and BCC shot up to the ceiling prices.

Pharmaceutical stocks were also among the best performers, with IMP, DCL and DHT surging 6.9%, 5.3% and 4.9%, respectively.

On the Hanoi Stock Exchange, the HNX-Index rose 0.58%, or 1.94 points, to close at 338.79.

Gaining stocks outnumbered decliners by 132 to 52. There were nearly 133.8 million shares worth some VND3 trillion changing hands.

The major contributors were industrial development firm IDC, agricultural firm PAN and insurance company PVI, which rose 4.1% to VND38,100, 2.2% to VND28,200 and 6.7% to VND44,300, respectively.

Besides, SHS, PVS, LAS, NVB, MBS and BVS gained over 1% each.

Lender SHB was the most actively traded stock on the northern market, with 12.12 million shares traded. However, SHB fell 1.1% to VND27,900.

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