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Monday, July 22, 2024

VN-Index falls amid low demand

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HCMC – The VN-Index of the HCMC market eased off its six-day winning streak on August 11, as demand remained low, especially for bluechips.

With 154 gainers and 222 losers, the benchmark index lost 0.12 point, or 0.01% over the session earlier, to close at 843.08. The southern market saw 249 million shares worth over VND4.1 trillion changing hands, both dropping 20% in volume and 14% in value compared to Monday. Put-through transactions contributed over VND586 billion to the total value.

In the VN30 basket, 16 stocks fell slightly. Railway operator VNR was the biggest decliner in the basket, inching down 1.3%, while the other losers decreased below 1%.

Similarly, most of the winning stocks in the basket rose below 1%. Securities firm SSI made the biggest gain of 2.1%. Lender BID and fuel distributor PLX both added 1%.

Trading of speculative stocks remained dull. While ITA, HQC, ASM and OGC advanced, ROS, DLG and TNI suffered losses. HSG, HAG, FLC closed at their reference prices.

Regarding liquidity, industrial zone developer ITA led the HCMC market by trading volume with 11.3 million shares transacted, followed by HPG and HSG which had matching volume of 9.67 million shares each.

In contrast to gloomy trading on the southern bourse, the northern bourse closed the session on an upbeat note thanks to the sharp rise of lender ACB. The HNX-Index of the Hanoi market expanded 3.39 points, or 1.61% versus the previous session to close at its intraday high of 116.3.

ACB, the largest stock by liquidity on the northern market, soared as much as 6.7% to VND25,400 per share, with 15.3 million shares transacted.

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