Selling pressure sends VN Index dropping

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

Selling pressure sent the VN Index of the Hochiminh Stock Exchange down to close at 1,248.33 points today, April 13.

With 113 stocks rising and 312 others falling, the main index lost 4.12 points, or 0.33%, from the session earlier. Trade volume and value hit new records, reaching over one billion shares and VND23.47 trillion, respectively. There were 49.4 million shares valued at over VND3 trillion transacted in block deals.

VIC was the most impressive stock as its price surged to the ceiling price at the beginning of the trading session, resulted from the news that the firm is considering a US initial public offering of its car unit VinFast.

However, it could not avoid the effect of the market, seeing it rise ease and closing the day up 6.6 percent at VND140,700. More than 5.05 million VIC shares were traded.

Among other blue-chip stocks, consumer goods company MSN rose 2.5 percent at VND94,200 and lender TPB added 1.5 percent at VND29,600. Other gainers were real estate developers NVL and VHM, lender VPB and air carrier VJC.

Meanwhile, financial service provider TCH posted the largest decline of 5 percent at VND24,600, followed by lender STB with a decrease of 3.2 percent at VND22,700. In addition, electricity firm POW fell 2.8 percent at VND23,850 and lender CTG dropped 2.7 percent at VND42,050.

Refrigeration electrical engineering firm REE and real estate firm PDR reported the smallest reduction of 0.7%, while dairy firm VNM, retailer VRE and mobile phone retailer MWG closed at their reference prices.

Construction firm ROS was the most actively traded stock on the southern bourse with 75.9 million shares changing hands, followed by industrial zone developer ITA with 63 million shares and property developer HQC with 50.7 million shares.

On the Hanoi Stock Exchange, the HNX-Index closed at its lowest level of the day at 292.19 points. It lost 3.35 points, or 1.13%.

The market saw 227.3 million shares valued at VND3.9 trillion transacted.

Bank stock SHB ended the day at its reference price of VND25,400 and saw 28.5 million shares traded.

Meanwhile, property enterprise CEO, securities company SHS and apparel firm TNG put pressure on the market as they slid 6%, 3.7 percent and 4.5 percent at VND12,500, VND31,200 and VND23,600, respectively.

https://english.thesaigontimes.vn/81430/selling-pressure-sends-vn-index-dropping.html

 

Category: Stocks, Vietnam

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