Stocks continue upward spiral

25-Nov-2020 Intellasia | The Saigon Times | 6:51 AM Print This Post

The good performance of many large-cap stocks helped the VN Index of the Hochiminh Stock Exchange rise for the fifth straight session to close at 994.19 points today, November 23.

Closing the day, the market breath remained positive with 243 gainers and 188 losers. The main index advanced 4.19 points, or 0.42 percent against the session earlier.

Trade volume totalled over 489.6 million shares worth VND10.5 trillion, down 2.3 percent in volume and up 10.3 percent in value from the previous session. Block deals contributed VND1.3 trillion to the total value.

Among the largecaps, property firm VHM continued its upward trend and closed up 2.7 percent thanks to strong demand.

Steel maker HPG was one of the key drivers of the southern bourse, ending the day up 5 percent and seeing over 23.6 million shares change hands. Many large-cap stocks, including gas firm GAS, retailer FPT, consumer goods company MSN and jewellery firm PNJ, were in positive territory.

In the banking group, lenders VCB, BID, CTG and MBB lost ground, while TCB and STB bucked the downward trend, advancing 0.9 percent and 3.2%, respectively. STB was the most actively traded stock on the southern bourse with over 27.2 million shares changing hands.

On the northern bourse, the HNX-Index closed at an intraday high thanks to high demand for large-cap stocks. The index added 0.96 points, or 0.66%, at 148.18.

Lender ACB led the northern market by liquidity with a matching volume of 10.9 million shares and stood at the reference price.

As the main supporters for the market, construction stock VCG and service company THD made a strong gain at the close.

https://english.thesaigontimes.vn/79522/stocks-continue-upward-spiral.html

 

Category: Stocks, Vietnam

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