Bluechips keep VN Index afloat

25-Sep-2021 Intellasia | The Saigon Times | 7:05 AM Print This Post

The VN Index of the Hochiminh Stock Exchange rose slightly on Thursday, buoyed by gains of bluechips as penny stocks performed poorly.

The benchmark index added 2.98 points, or 0.15%, to close the day at 1,352.76, though losing stocks far outnumbered winning ones by 254 to 143.

There were more than 997.6 million shares worth some VND23.3 trillion changing hands on the southern market, surging 28 percent in volume and 23 percent in value against the previous session. Some 36.3 million shares worth over VND1.53 trillion were traded in block deals.

Mobile phone retailer MWG and lender TPB were the biggest gainers among heavyweights, soaring 5 percent to VND132,000 and 3.6 percent to VND41,550, respectively,

Some other major contributors included fuel company GAS, up 2.5 percent to VND90,600, housing developer VHM, up 1.7 percent to VND79,300, retailer VRE, up 1.6 percent to VND28,000, and property enterprise VIC, up 1.2 percent to VND87,100.

In contrast to bluechips, the majority of small and medium stocks struggled, with many of them falling to the floor prices such as BMC, JVC, CSV, PLP, QC, DAH, GSP, HRC, TDG, VMD, LCM TMT, VOS, VIP, DGC and TGG.

Besides, TEG, CRC, HAH, TCD, HAG, YBM, TSC, EVG, HAR, VTO, TLD, HNG, DAG, PXS and DRH also plunged into the red, losing 4-6%.

Real estate stock HQC took the lead in terms of liquidity on the southern market with more than 39.3 million shares changing hands.

On the Hanoi Stock Exchange, the HNX-Index lost 0.66%, or 2.4 points, to close at 361.02, with declining stocks outnumbering gainers by 125 to 75. There were 198.8 million shares worth more than VND3.37 trillion transacted.

Similar to the southern peer, the northern exchange saw many speculative stocks sink, with DL1, VIG, MBG, DST, KVC, HHG, FID, ITQ, SVN, BII, SMT and VKC falling to the floor prices. Besides, KLF, ART, ACM, TTH, PVL, VHE and NRC lost approximately 5 percent each. Among large-cap stocks, stone processor VCS, investment and trading company TNG and lender NVB suffered the steepest decline, down 4.3 percent to VND125,100, 4.1 percent to VND28,400 and 3.6 percent to VND29,500.

PVS, SHS, CEO, TVS, IDC and NDN also lost ground.

Food service provider KLF was the most actively traded stock on the northern market with more than 19.7 million shares changing hands.


Category: Stocks, Vietnam

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