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Friday, July 19, 2024

VN-Index rally extends for third day

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HCMC – The VN-Index of the Hochiminh Stock Exchange closed up 0.31%, or 2.72 points, at 871. 28 today, June 22, buoyed by fertilizer stocks and some bluechips.

The HCMC exchange saw 205 gainers and 172 losers, with trade volume amounting to over 350.4 million shares worth VND5.3 trillion changing hands, down 20.4% in volume and 29% in value against the session earlier. Block deals contributed VND997 billion to the total value.

In the VN30 basket, 11 stocks gained ground, including lenders VCB, TCB, and CTG, gas firm GAS and dairy giant VNM.

Housing developer VHM was among key supporters of the southern bourse, ending the day up 2.3%, while construction firm CTD shot up to the ceiling price.

Many stocks in the fertilizer group continued the upward spiral, with DPM, DCM and VAF standing at their ceiling prices. In addition, BFC and LAS soared by 6.3% and 4.5%, respectively.

Besides this, some fertilizer stocks also traded actively on the southern market, with DPM seeing 8.8 million shares and DCM seeing 6.1 million shares changing hands.

Among penny stocks, industrial zone developer ITA, food enterprise SJF and real estate firm SCR hit the ceiling prices, with some 20.2 million ITA shares changing hands.

On the Hanoi Stock Exchange, coming under selling pressure, the bluechip group sent the HNX-Index down.

At the close, the index of the northern bourse lost 0.63 point at 114.72, with trade volume reaching 57.4 million shares valued at VND511.5 billion.

The three bank stocks ACB, SHB and NVB tumbled by 1.2%, 1.4% and 1.1%, respectively.

Other bluechips such as chemical firm DGC, insurer PVI and construction firm VCG were also in negative territory.

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