Strong cash flow continues to help VN Index fly high

20-Nov-2020 Intellasia | The Saigon Times | 6:02 AM Print This Post

The strong cash flow helped the benchmark VN Index of the Hochiminh Stock Exchange maintain growth momentum today, November 18, adding 4.63 points, or 0.48%, to close at 973.53 points.

Winning stocks outnumbered losers by 244 to 176. The southern market saw 478.7 million shares worth more than VND10 trillion change hands, increasing by 19 percent in volume and 26.9 percent in value against the session earlier. Some 32.5 million shares were traded in block deals with the total value of nearly VND1.17 trillion.

A number of steel stocks shot up to the ceiling prices, such as NKG, TLH and SMC. HPG surged by 3.75 percent to VND34,600, while HSG declined by a fractional 0.26 percent to VND19,050.

Among the bluechips, consumer goods company MSN was the biggest loser, dropping by 2.47 percent to VND82,900, followed by property firm VHM, down 1.28 percent to VND77,300. Mobile phone retailer MWG and property firm VIC also fell by over 1%. Other decliners lost approximately 0.5%.

In contrast, rubber group GVR soared by 6.15 percent to VND19,000, while petroleum stock GAS and bank stock STB increased by 5.96 percent to VND80,000 and 2.53 percent to VND14,200, respectively.

Dairy producer VNM, retailer VRE and lender TPB inched up between 1-1.5%.

STB was the most actively traded stock on the southern market, with nearly 23 million shares changing hands. TCB came second with over 22.7 million shares traded.

On the Hanoi Stock Exchange, the HNX-Index added 0.22 points, or 0.15 percent against the previous session, to close the day at 146.8 points, with 74 winning stocks and 70 losing ones. There were 63.5 million shares worth VND1.03 trillion traded on the northern bourse, declining by 12.3 percent in volume and 18 percent in value.

Lenders ACB and SHB stayed flat at VND27,200 and VND17,300, respectively. Meanwhile, securities company SHS surged by 3.62 percent to VND14,300 and petroleum stock PVS increased by 0.64 percent to VND15,700.

SHS led the northern market by liquidity with 9.54 million shares changing hands.


Category: Stocks, Vietnam

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