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VN-Index inches up as real estate stocks surge

The Saigon Times

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HCMC – The VN-Index of the Hochiminh Stock Exchange rose 0.32% today, October 22, buoyed by gains of real estate stocks.

The benchmark index added 4.47 points to close at 1,389.24. The southern bourse saw 217 stocks winning and 216 others losing.

There were more than 798 million shares worth some VND21.56 trillion changing hands, increasing 12.57% in volume and 2.6% in value compared with the previous session. More than 51.3 million shares worth nearly VND1.68 trillion were traded in block deals.

Stocks in the VN30 basket moved in different directions, with 15 gainers and 13 decliners. Most declining stocks in the basket were bank stocks, with each falling approximately 1%.

The biggest gainers were brewery firm SAB, dairy company VNM and rubber group GVR, which surged 3% to VND156,500, 1.6% to VND90,500 and 3.2% to VND38,300, respectively.

Similarly, small and medium stocks were mixed. HQC, FLC, ROS and HAI finished lower, and DLG and HAR dropped to their floor prices.

In contrast, real estate stocks were the best performers.

In the VN30 basket, real estate stocks GVR, PDR, KDH and NVL gained ground.

Among penny real estate stocks, HBC, SCR, LCG, VGC, TEG and DIG shot up to their ceiling prices or rose sharply. HBC and SCR were among the five most actively traded stocks with 17.5 million and 14.3 million shares changing hands, respectively. Industrial real estate stocks KBC, ITA and TIP soared approximately 3%.

Many bank, steel and securities stocks dipped into the red.

Most steel and securities stocks lost ground, except BSI, AAS, VIX, TCI, and APS.

Among bank stocks, VCB, STB, SHB, MSB, and EIB inched up, but by only approximately 0.5%, while the remainder declined.

On the Hanoi Stock Exchange, the HNX-Index rose 0.71%, or 2.75 points, to end at 391.21 points. Gaining stocks outnumbered decliners by 120 to 91. There were over 151.84 million shares worth some VND2.9 trillion transacted.

Coal stocks were the biggest gainers, with NBC, HLC, MDC, TC6, TDN, THT, and TVD shooting up to their ceiling prices.

Major contributors also included real estate and construction stocks. IDC, L14 and NDN surged 1.9-3.8%, while S99, SD9, C69, and CEO edged up to the ceiling prices.

In contrast, most bank and securities stocks lost ground.

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