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VN-Index mostly flat as market moves in mixed directions

The Saigon Times

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HCMC – The VN-Index of the Hochiminh Stock Exchange stood mostly flat as the market moved in mixed directions today, December 15.

The benchmark index lost a fractional 0.04%, or 0.52 points, to close at 1,475.5, with losing stocks outnumbering winning ones by 264 to 197.

There were 906 million shares worth more than VND25.9 trillion changing hands on the HCMC market, falling 6% in both volume and value compared with the previous session. Some 44.6 million shares worth over VND2.45 trillion were traded in block deals.

In the VN30 basket, 16 stocks ended higher while 12 others lost. The VN30-Index added 0.2%, or 2.98 points.

Dropping 2.4% to VND100,000, property firm VIC was the major drag, causing the VN-Index to lose 2.45 points.

However, some other heavyweights such as consumer goods producer MSN, industrial development corporation BCM, real estate developer NVL, lender VCB and housing developer VHM advanced, driving up the VN-Index. These five stocks contributed a total of over 3 points to the index.

In particular, BCM shot up to its ceiling price at VND63,000, while VHM reversed course,  ending 0.6% higher at VND82,600.

Among bank stocks, VPB, EIB, BID, LPB and CTG ended lower, while TPB was the biggest gainer, soaring 2.97% to VND52,000.

Most securities stocks dipped, except APG which rose slightly. Similarly, NKG and HPG were the only two steel stocks that made gains.

Small and medium stocks were also mixed. ROS, FIT and DCL were the best performers as they shot up to their ceiling prices at VND10,050, VND14,900 and VND42,800, respectively.

Other biggest gainers among speculative stocks included FLC, AMD, HAI and HQC, which soared 3.2-5.5%.

In contrast, ITA and IDI dropped to their floor prices, while SJF and HAG fell 3.7% and 5.4%, respectively.

On the Hanoi Stock Exchange, the HNX-Index lost 0.98 points, or 0.21%, to close at 453.7, with 106 gainers and 131 losers. There were 118.7 million shares worth more than VND3.38 trillion changing hands, increasing 2.7% in volume and 5.8% in value from the previous session.

The best performers were property enterprise CEO, infrastructure developer DL1 and securities stock APS, which edged up to their ceiling prices at VND45,300, VND14,900 and VND38,000, respectively. Besides, food service provider KLF surged 6.6% to VND8,100.

In contrast, property firm PVL fell to its floor price. Other major drags included industrial development firm IDC, securities company SHS and petroleum stock PVS, which lost 1.1-4.5%.

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