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VN-Index extends winning streak

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HCMC – The selling pressure eased, while the demand for stocks, especially bank stocks, improved today, August 5, sending the VN-Index of the Hochiminh Stock Exchange up for the ninth consecutive session.

With 262 winning stocks and 116 declining ones, the main index ended the session up 0.81%, or 10.81 points, at 1,345.55 points.

Trade volume totaled over 635 million shares worth VND19.3 trillion, down nearly 4% in volume and 9% in value from the session earlier. There were over 45 million shares valued at some VND1.8 trillion transacted in block deals.

Among blue-chip stocks, rubber group GVR and steelmaker HPG remained bright spots as they rose 4.2% at VND34,850 and 2.7% at VND48, 800, respectively. There were more than nine million GVR shares and 29.7 million HPG shares changing hands.

In the group of bank stocks, only BID fell a slight 0.1%, while the remaining gained. STB was the most actively traded stock on the southern bourse with more than 30.72 million shares traded.

LPB reported the highest increase among bank stocks, at 3.4%, followed by TPB, at 2.3% and VPB, at 2.1%.

On the Hanoi Stock Exchange, the HNX-Index closed at its intra-day high as many large-cap stocks extended their growth, such as lender SHB and agricultural firm PAN.

The index added 5.44 points, or 1.7%, at 325.46 points. More than 134 million shares valued at nearly VND3.2 trillion were transacted on bourse.

There were over 20 million shares worth VND691.5 billion transacted in block deals, including 10.2 million IDC shares worth VND367 billion.

Lender SHB was the key supporter of the bourse as it surged 5.1% at VND28,800 and led the bourse in terms of liquidity with 36.9 million shares matched.

In addition, PAN picked up 4.7% at VND26,500, securities company TVB rocketed 5.6% at VND17,000 and construction firm S99 gained 6.2% at VND17,200.

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