Market turnover sharply recovers

02-Aug-2018 Intellasia | The Saigon Times | 6:02 AM Print This Post

The VN Index of the Hochiminh Stock Exchange rose for the fourth consecutive session today, July 31, with trade soaring on strong demand for small stocks.

Closing the day, the main index added 6.66 points, or 0.7 percent, against the previous day at 956.39. There were 242.4 million shares worth VND4.7 trillion changing hands on the southern market, up 24 percent and 23 percent versus Monday, respectively.

Small and medium stocks kept luring cash flow, with FLC, a property firm, taking the lead on the exchange by liquidity with 31.6 million shares traded. HAG, another realty firm, came next with 23.7 million shares, followed by aquaculture firm IDI with 8.2 million shares.

Bank stocks were mixed, with MBB, CTG and VPB closing down and VCB and HDB advancing. TCB was the best performe, jumping 6.5 percent at VND27,800 per share with volume of 4.7 million shares.

MBB was the most actively traded stock in the banking sector with 6.2 million shares changing hands but the bank fell 0.2 percent at VND23,450 a share. CTG reported volume of 5.3 million shares, dipping 1 percent at VND23,600 per share.

Among VN30 stocks, securities firm SSI was the volume leader with more than seven million shares traded, gaining 1 percent at VND28,900 per share. HSG, a steel maker, saw 5.7 million shares transacted but it slumped 4.3 percent at VND11,250 a share.

VIC, a leading property company, closed unchanged at VND106,400 per share. For its associated firms, housing developer VHM declined 0.2 percent at VND110,300 a share while retailer VRE added 2 percent at VND40,600 per share with volume of 1.8 million shares.

The HNX-Index of the Hanoi Stock Exchange eased off its three-day winning streak with a 0.56 percent drop, closing at 106.16 points. Market turnover slightly improved with 40.1 million shares worth VND458.9 billion transacted.

Most large caps declined, with lender ACB sliding 0.8 percent at VND35,800 per share. Petroleum technical service firm PVS lost 0.6 percent at VND17,200 while HUT, a property group, slumped 5.1 percent at VND5,600 per share.

For gainers, securities firms SHS and MBS edged up 0.7 percent and 0.6 percent at VND14,000 and VND16,500 a share, respectively. KLF, a trading and food service company, went up to the ceiling price of VND2,500 a share and took the lead by liquidity with 6.5 million shares traded.

Lender SHB was the second most heavily traded stock on the Hanoi bourse with 5.9 million shares, followed by PVS and HUT with over 2.4 million shares each.


Category: Stocks, Vietnam

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