HCMC – The benchmark VN-Index of the HCMC exchange ended the first trading session of 2022 on a high note. It set a new record of over 1,520 points today, January 4.
With 332 stocks rising and 137 others declining, the index added 27.3 points, or 1.82% against the previous session, at 1,525.58. Trade on the southern bourse expanded 19% in volume and 30% in value versus last Friday at over 891 million shares and more than VND28.6 trillion. Shares traded in block deals contributed around VND2.1 trillion to the overall figure.
Up to 25 stocks in the VN30 basket made gains. This showed that cash flow was re-channeled into largecaps. The liquidity of stocks in the basket reached nearly VND9.5 trillion. This is the third straight session that trade value of the basket improved.
Among the bluechips, real estate developer VIC, a member of the Vingroup family, soared 6.2% to its intraday high of VND54,000 and was the biggest contributor to the VN-Index’s rise. The second biggest contributor was housing developer VHM, another member of Vingroup, edging up 3.8% to VND85,100. Retailer VRE also gained 3.5%.
Other bluechips also rose sharply, such as housing developer KDH with a 6.7% increase, gas firm GAS with a 5.9% gain, brewery company SAB with a 4% improvement, and fuel distributor PLX with a 3.7% uptick. In addition, electricity firm POW soared 6.9% to hit its upper limit.
As for bank stocks, most of them advanced. TPB, the biggest winner, edged up 4.1%, CTG rose 2.5%, STB and TCB improved 1.8% each, and BID and HDB inched up 0.8% each. Besides this, STB was the most actively traded stock in the group, with its matching volume ranking second on the southern bourse at over 32.8 million shares. Other lenders made slight gains such as SHB, LPB, and EIB, while their fellow SSB moved sideways.
Among small and medium stocks, most of the real estate and construction stocks attracted cash from investors, including LDG, PTC, VGC, ACC, CII and DIG. Other strong gainers were SZC, VCG, FLC, TCD, ITA, NBB, SCR and HDC.
Meanwhile, farming group HAG bucked the market trend as it shed 2.3%, but led the southern market by liquidity with over 33.6 million shares traded.
On the northern bourse, the HNX-Index gained a fractional 0.02%, or 0.11 point, to close at 474.1, with 114 winners and 89 losers.