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Saturday, June 22, 2024

VN-Index rises for sixth straight session

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HCMC – The upsurge of many bluechip stocks today, April 8, helped the VN-Index of the Hochiminh Stock Exchange make gains for a sixth consecutive session.

The benchmark index lost 15 points shortly after morning trade as many bluechips came under profit-taking pressure. However, the fall eased later as selling pressure was not as strong as expected.

The main index added 1.33 points, or 0.18%, over the session earlier to 748.02, with 170 stocks rising and 184 others falling.

Among big-cap stocks, property developer VHM surged as much as 6.06% to close at an intraday high of VND70,000 per share. Dairy firm VNM bounced back and added 0.51% to VND99,000. Lender BID, brewery SAB, or consumer goods producer MSN also made gains.

Construction firm ROS continued to lead the southern market by liquidity, with matching volume of 12.87 million shares.

In addition, two fertilizer producers DPM and DCM performed strongly as they shot up to the ceiling prices, aside from other good performers such as DMC, ANV, HCD and CCL.

However, turnover on the HCMC market plummeted sharply with trading value tumbling 20.9% versus Tuesday at roughly VND3.7 trillion and volume shrinking 13.9% to 252 million shares.

On the northern bourse, the HNX-Index closed at an intraday high thanks to the support of lender SHB, oil and gas firm PVS and scores of small stocks. The HNX-Index gained 0.51 point, or 0.49% to 103.93, with 66 advancers and 64 decliners.

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