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Thursday, October 21, 2021

VN-Index recovers as stocks make turnaround

The Saigon Times

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HCMC – After a losing session amid concerns over spillover effect of the Evergrande liquidity crisis, the VN-Index of the Hochiminh Stock Exchange recovered as many stocks rebounded strongly today, September 22.

The benchmark index rose 0.81%, or 10.84 points, to close the day at 1,350.68, with winning stocks far outnumbering losing ones by 307 to 104. Among the 307 gainers, 63 shot up to the ceiling prices.

Nearly 780 million shares worth some VND19 trillion changed hands on the southern market, declining 9% in volume and 19% in value against the previous session. Some 52 million shares worth VND1.69 trillion were traded in block deals.

Jewelry company PNJ and insurer BVH were the biggest gainers in the VN30 basket, surging 3.3% to VND93,100 and 5.9% to VND59,000, respectively.

Other major contributors included dairy producer VNM and consumer goods processor MSN, which soared 3% to VND91,500 and 2.4% to VND147,000, respectively.

Rubber group GVR, mobile phone retailer MWG, electricity company POW and petroleum stock PLX were also among the best-performing bluechips.

Besides, housing developer VHM reversed course to end 0.6% higher, at VND42,000.

VCB was the biggest gainer among bank stocks, rising 1.5% to VND99,500. TCB, TPB, EIB and MSB inched up, while BID, VPB, HDB, STB, CTG, ACB and OCB fell slightly.

Many small and medium stocks also shot up to the ceiling prices, such as HAG, IDI, FIT, HAR and TDH.

FLC, ITA, ROS, HQC, HAG and LDG were the most actively traded stocks on bourse, with 15-38 million shares changing hands each.

On the Hanoi Stock Exchange, the HNX-Index rose 1.24%, or 4.45 points, to close at 363.43, with 187 gaining stocks and 64 decliners.

There were 197.4 million shares worth more than VND3.97 trillion transacted on the northern market, falling slightly in both value and volume compared with the previous session.

The biggest gainers among heavyweights were petroleum stock PVC, industrial development firm IDC and construction company CEO, which surged 7.3% to VND11,700, 7% to VND52,000 and 5.7% to VND11,100, respectively.

In the group of speculative stocks, many shot up to the ceiling prices, including HUT, ACM, NSH, SDT, KVC, DL1, VIG, SPI, VHE, OCH, HHG and HOM.

Lender SHB took the lead in terms of liquidity on the northern market with more than 13.7 million shares changing hands, followed by food service provider KLF with some 10.5 million shares.

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