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VN-Index growth highest for nearly four months

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HCMC – Large-cap stocks gained ground today, June 11, helping the VN-Index of the Hochiminh Stock Exchange record the highest growth since February 17.

At the close, the VN-Index added 28.16 points, or 2.13%, at 1,351.74 points.

The southern market saw winning stocks outnumber losers by 293 to 104. There were 732.26 million shares worth nearly VND23.8 trillion changing hands, up 1.08% in volume but down 6.22% in value against the session earlier. Some 26.23 million shares worth some VND1.2 trillion were traded in block deals.

Among the bank stocks, CTG of Vietinbank stayed firm at its ceiling price of VND52,900 and saw 17.96 million shares matched.

CTG transacted positively today as the State Bank of Vietnam had allowed Vietinbank to increase its charter capital from over VND37.2 trillion to nearly VND40.1 trillion.

Similarly, OCB bounced back impressively this afternoon following the central bank’s decision to permit it to raise the charter capital to nearly VND13.7 trillion. Closing the day, OCB soared 5.7% at VND31,550.

HDB also rocketed 5.4% at VND34,450 and saw 6.16 million shares traded.

Other bank stocks reporting a growth of over 5% each included TCB by 5%, STB by 5.5% and HDB by 5.4%.

Securities stocks also posed a sharp increase. For example, SSI jumped 6.6% at VND50,100 and saw over 22.21 million shares matched, ranking seventh by liquidity on the southern bourse.

Petroleum and steel stocks were not outsiders to the trend.

Especially, real estate stocks entered the group of increasing stocks.

DXG was a bright spot after coming under the strong selling pressure for five consecutive sessions. It rebounded strongly today, hitting its ceiling price before picking up 7% at VND25,250 and saw 20.79 million shares transacted.

On the Hanoi Stock Exchange, the HNX-Index added 5.37 points, or 1.73%, at 316.69 points. More than 149.8 million shares valued at VND3.5 trillion were traded on the bourse, including 16.48 million shares worth VND201.62 billion transacted in block deals.

Bank, securities and petroleum stocks gained ground.

Of which, lender SHB led the bourse by liquidity with 23.63 million shares changing hands, followed by petroleum stock PVS with 16.33 shares. It rose 4.8% at VND28,200.

Moreover, securities stocks SHS and VND expanded 4.3% and 5.6%, respectively.

Among the medium and small stocks, construction firm HUT was a bright spot as it surged 9.9% to its ceiling price of VND7,800.


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