Numerous heavyweights on bourse tumble

08-Aug-2018 Intellasia | Thesaigontimes | 6:02 AM Print This Post

Many heavyweights on both the southern and northern markets suffered sharp declines in value today, August 6, though the index barely changed.

With 115 stocks rising and 156 others sliding, the VN Index of the Hochiminh Stock Exchange rose 0.63 point, or a mere 0.07 percent at 960.23. There were over 229.6 million shares worth some VND5.2 trillion changing hands on the southern bourse, up 16.2 percent and 10.2 percent against last Friday, respectively.

The local put-through market was active with roughly 76 million shares valued at VND1.87 trillion. Particularly, agriculture firm HNG saw more than 47.9 million shares traded with a total value of roughly VND758 billion. Besides, property giant VIC reported high matching volume of over 4.2 million shares worth nearly VND444.6 billion.

In the banking sector, VCB rose 0.85 percent to VND59,000 per share while BID was up 1.13 percent at VND26,850 each; STB inched up 0.9 percent at VND11,150 and EIB closed 1.07 percent higher at VND14,200. Meanwhile, TCB, VPB, MBB and TPB moved sideways, with their value declines ranging from 1.08 percent to 3.04 percent. Only CTG and HDB kept their reference levels.

For other heavyweights, dairy firm VNM continued its downtrend, dropping by 1.05 percent to VND159,900 a share. Leading brewer SAB further slid by 0.4 percent at VND199,000 each. Notably, financial and insurance company BVH slumped by 2.5 percent at VND76,000, while many other heavyweights also stayed in negative territory such as HPG, VJC and NVL.

GAS and PLX were the most actively traded stocks in the oil and gas sector, gaining 2.6 percent and 2.08 percent at VND96,100 and VND63,900 respectively. Meanwhile, PVD decreased by a slight 1.3 percent at VND14,800 with five million shares exchanged.

Among small and medium stocks, food firm GTN shot up to the ceiling price of VND12,650, with more than 10.4 million changing hands. However, foreign investors net sold roughly 5.7 million shares on the southern bourse.

Fertiliser producer DCM also hit the ceiling price of VND11,050 each, with over 1.9 million shares traded.

Property developer FLC advanced a sharp 5.9 percent at VND6,400 a share and led the market for liquidity with 15.4 million shares traded. HAG, another realty firm, had 8.7 million stocks exchanged, adding 1.1 percent at VND7,230 per share.

Meanwhile, the HNX-Index of the Hanoi Stock Exchange broke its two-day rising streak with a 0.61 percent drop to close at 105.6 points. Trading volume on the market slid 7 percent at over 37.5 million shares, and its value fell by 14.8 percent at some VND510 billion.

The local put-through market witnessed 4.8 million shares traded worth a combined VND99.5 billion.

Among the top ten blue chips, property developer VGC was the only gainer, with a slight rise of 0.56 percent at VND18,000 per share while others such as ACB, VCS, SHB, PVS, VCG and PVI suffered sharp declines in their values. Others like CEO, DBC and SHS were in the same boat.


Category: Stocks, Vietnam

Print This Post