Local stocks enter correction phase

15-Oct-2021 Intellasia | The Saigon Times | 5:02 AM Print This Post

The benchmark VN Index of the HCM City market tumbled with low liquidity today, October 13, ending its seven-session winning streak.

The main index shed 2.89 points, or 0.21 percent against the previous session to 1,391.91, with 195 stocks rising, 208 stocks falling, and 60 others moving sideways. Turnover on the southern bourse contracted 13 percent in volume and 15 percent in value over the session earlier at more than 645 million shares and over VND18.7 trillion, including some VND1.2 trillion worth of shares transacted in put-through deals.

In the group of bank stocks, SSB was the biggest advancer with a 3.2 percent increase. Aside from SSB, only four other lenders made gains by around 0.5%. Meanwhile, among falling bank stocks, the three biggest decliners MSB, TCB, and STB lost over 1 percent only.

SHB, a new member on the HCM City market, took the lead in liquidity with 25.5 million shares traded but it ended 0.7 percent lower.

The group of securities stocks saw only TVB and APG rise slightly, while the rest closed in the red. Similarly, only three steelmakers were winners, while all of the fuel stocks declined, with PLX shedding over 2 percent and GAS losing nearly 1%.

Meanwhile, real estate stocks attracted cash flow, except for VHM and NVL. Stocks hitting their upper limits included VRC, HAR, LDG, and NBB, with LDG reporting a matching volume of around 18 million shares. FLC was the most actively traded in the group, with 20.9 million shares traded, but closed 2.8 percent lower. Other big advancers were ITC, VPH, LHG, and SCR, up over 4 percent each.

On the northern bourse, the HNX-Index extended gains. It expanded 0.97%, or 3.66 points to close at 379.34, with 110 advancers and 100 decliners.

https://english.thesaigontimes.vn/local-stocks-enter-correction-phase/

 

Category: Stocks, Vietnam

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