Indexes on both markets recover slightly

04-Aug-2018 Intellasia | The Saigontimes | 6:02 AM Print This Post

Having encountered a slight correction on Wednesday, the VN Index of the Hochiminh Stock Exchange made a modest improvement on Thursday, while its northern counterpart also experienced the same move.

With 110 stocks rising and 165 others sliding, the VN Index of the Hochiminh Stock Exchange managed a modest rise of 0.78 point, or 0.08 percent at 953.55. There were over 212.4 million shares worth some VND4.3 trillion changing hands on the southern bourse, up 5 percent and down 3 percent against the previous day.

The put-through market was active with 38 million shares valued at around VND556 billion, in which retailer VRE saw 3.34 million shares traded with a total value of VND135 billion. Lender TCB and real estate provider NVL also performed well, with 3.1 million and 1.2 million shares changing hands worth VND93.5 billion and VND80.3 billion, respectively.

Various blue chips and large caps made turnarounds. Having dropped 0.9 percent at VND27,550 per share on Wednesday, lender TCB rose sharply by 3.4 percent to VND28,500 per share. VCB as another lender added 0.7 percent at VND59,000.

Securities firm SSI, jewellery trader PNJ, and low-cost carrier VJC also gained 1.2 percent, 1.6 percent and 2.1 percent respectively at VND29,350, VND95,500 and VND146,000.

Among top heavyweights, leading gas firm GAS was one of the active contributors to the southern index’s recovery, gaining 2.1 percent at VND91,000.

On the other hand, dairy products firm VNM was the biggest drag on the southern bourse, as the firm dropped 1.1 percent to VND165,000 per share. Besides, lenders BID, CTG, MBB, STB, VPB, HDB and TPB suffered declines between 0.4 percent and 1 percent while EIB remained unchanged.

Among VN30 stocks, the lender STB was the volume leader with more than 7.5 million shares exchanged. Property developers FLC and HAG were the most active with over 27.6 and 15.5 million shares changing hands respectively, but they slumped 2.8 percent and 0.3 percent at VND6,900 and VND16,900 a share.

Notably, gasoline trader TDG went up to the ceiling price at VND10,250 or 7 percent on matching volume of over 2.3 million shares after its four-day losing streak.

Meanwhile, the HNX-Index of the Hanoi Stock Exchange, like the southern counterpart, inched up 0.09 point or 0.09 percent against the previous day at 105.65. There were over 36.7 million shares worth some VND534.5 billion changing hands on the northern bourse, down 22 percent and 13 percent versus Wednesday, respectively.

The local put-through market saw over 3.7 million shares worth about VND27.1 billion exchanged, including a staggering 3.6 million shares worth nearly VND26 billion of lender NVB.

Petroleum firm PVS was the most heavily traded stock on the Hanoi bourse with over 9.1 million shares. Its value edged up 2.8 percent at VND18,300 per share.

Foreigners stayed on the selling side for the fourth consecutive session, net selling VND817.8 billion worth of shares on the HCM City market. The investors, meanwhile, net sold VND28.3 billion on the Hanoi exchange.


Category: Stocks, Vietnam

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