Stocks jump on fourth rising day

19-Jul-2018 Intellasia | The Saigon Times | 6:32 AM Print This Post

Stocks made a nice jump in the fourth straight rising session today as bottom fishers actively collected shares when the VN Index of the Hochiminh Stock Exchange slid to near the 900-point level in the morning phase.

The main index closed the day at 921.27, surging 10.16 points, or 1.12 percent, versus the previous day. Turnover on the southern market rose 14.4 percent in volume and 2 percent in value to 155.8 million shares worth VND3.5 trillion.

Banks again led the market rise, in which VPB soared 6.7 percent at VND29,450 a share with its matching volume hitting a one-month high of 8.7 million shares. Previously, the Hochiminh Stock Exchange announced to add VPB to the VN30 basket in the July review.

BID also performed well although it was removed from the basket, gaining 3.1 percent at VND24,900 a share with nearly four million shares changing hands. CTG was the volume leader in the banking sector with 9.6 million shares traded, adding 5.3 percent at VND24,000 per share.

TPB was the only loser among nine listed banks on the exchange, dipping 0.7 percent at VND26,800 a share. Meanwhile, HDB managed to close at the reference level of VND33,550 per share.

Two other firms added to the VN30 basket also advanced today, with retail group VRE shooting up to the ceiling price of VND40,400 a share and jewellery firm PNJ jumping 4 percent at VND93,900 per share. In contrast, insurer BVH and power enterprise NT2 declined as they were removed from the VN30 Index.

Among large caps, property giant VIC gained 1.5 percent at VND104,000 per share but its subsidiary VHM moved sideways at VND106,000 a share. The two firms reported matching volume of around 1.5 million shares each.

Notably, many small stocks mostly in the property and construction sector hit the upper limits thanks to supporting information, in which HAG led the market for liquidity with 15.7 million shares. According to tinnhanhchungkhoan.vn, property firms are expected to attract cash flow thanks to positive business results in the first half.

The HNX-Index of the Hanoi Stock Exchange closed at the intraday high at 104.83, up 1.65 percent versus Monday. Trading volume on the market slumped 16 percent at 33.4 million shares while value was almost unchanged at VND528 billion.

Lenders ACB and SHB and petroleum firm PVS were top gainers for increasing 2.6 percent, 3.2 percent and 0.7 percent, respectively. MST, a construction company, hit the ceiling price of VND4,100 per share while its matching volume reached a six-month high of 2.1 million shares.

http://english.thesaigontimes.vn/61338/stocks-jump-on-fourth-rising-day.html

 


Category: Stocks, Vietnam

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