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VN-Index flies high on bluechips

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HCMC – Despite cautious investor sentiment, the good performance of many bluechips lifted the VN-Index of the Hochiminh Stock Exchange up 0.56% at 924 points today, October 9.

At the close, with 188 stocks winning and 197 others losing, the main index gained 5.16 points from the session earlier. Trade volume totaled over 388 million shares worth VND6.6 trillion, down 17.5% in volume and 16.4% in value, against the last session. Some 44.3 million shares valued at VND858.2 billion were traded in block deals.

In the bluechip group, brewery firm SAB, property firm VIC and steelmaker HPG were among the best performers, closing the day up 1.4%-2.7%.

Consumer goods firm MSN continued its upward spiral, jumping by 6.6% and seeing over 5.3 million shares change hands.

Financial service provider TCH led the VN30 basket by liquidity with over 16 million shares traded, finishing the session up.

Many speculative stocks kept attracting cash flow, with industrial zone developer ITA and real estate firm FLC reporting matching volume of 20.2 million shares and 18.6 million shares, respectively.

On the northern bourse, the HNX-Index added 1.3 points, or 0.96%, against the previous session, at 136.91, buoyed by the active trading of some bank stocks and many other bluechips.

Lenders ACB and SHB were in positive territory, closing the day up over 1.3% and seeing 8.7 million shares and 3.7 million shares changing hands, respectively.

Construction firm VCG, securities firm SHS and insurance company PVI were among key contributors to the growth of the index.

Property group HUT was the most actively traded stock on the northern bourse with a matching volume of 13.5 million shares.

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