System error clogs ATC phase, VN Index falls

26-Feb-2021 Intellasia | The Saigon Times | 7:31 AM Print This Post

The VN Index of the Hochiminh Stock Exchange lost 1.33%, or 15.63 points, on Wednesday to end at 1,162.01 points in a session that a system error clogged the at-the-close phase.

The market barely fluctuated in the morning. Early in the afternoon, the VN Index suddenly lost over 23 points to below 1,155 points. The strong cash flow then helped the benchmark index recover. However, a technical error occurred, clogging trade after 2 p.m.

The southern market saw losing stocks far outnumber winners by 357 to 93. There were 603 million shares worth over VND15 trillion changing hands, falling slightly in volume and 2.6 percent in value against the session earlier.

Among bluechips, only steelmaker HPG, lenders VIB and CTG, petroleum stock PLX and aviation stock HVN gained ground.

CTG was the biggest gainer, rising 1.21 percent to VND37,500. The others increased less than 1%, with HPG edging up 0.69 percent to VND43,600, PLX up 0.88 percent to VND57,300, VIB up 0.54 percent to VND37,400 and HVN up 0.7 percent to VND28,800.

In contrast, property stock VIC lost 1.64 percent to end at VND108,200 and lender VCB fell 1.9 percent to VND98,000. Bluechips losing over 2 percent included housing developer VHM and lender BID, which went down 2.37 percent to VND102,800 and 2.16 percent to VND43,050, respectively.

HPG took the lead by liquidity with 27.3 million shares changing hands, followed by lenders STB, MBB and ACB, with 24.7 million, 19.9 million and 18.7 million shares traded, respectively.

In the group of small and medium stocks, there were only a few stocks increasing, including industrial zone developer ITA, up 0.2 percent to VND6,390, real estate stock DLG, up 0.6 percent to VND1,820 and shipping firm VOS, up 2 percent to VND3,510.

However, the southern bourse saw some stocks shoot up to the ceiling prices, including TDC, HSL, SAV, NVT, RIC, LGC and SVD. RIC of Royal International Corporation shot up to the ceiling price for the 28th straight session. Since January 8, RIC has increased 542.7%.

On the Hanoi Stock Exchange, the HNX-Index lost 0.37%, or 0.9 point, to close at 237.89 points, with declining stocks outnumbering gainers by 111 to 84. There were 156.9 million shares worth more than VND2.45 trillion changing hands on the northern bourse, increasing 12.5 percent in volume and 9 percent in value compared with the previous session.

Some of the main draggers were petroleum stock PVS, which was down 3.5 percent to VND21,800 and industrial development firm IDC, dropping 3 percent to VND39,000.

Meanwhile, securities companies SHS and MBS expanded 2.3 percent to VND26,700 and 7.84 percent to VND22,000, respectively.

HUT, S99, BNA, UNI, EVS, MST and LIG shot up to the ceiling prices.

Lender SHB was the most actively traded stock on the northern market with 23.4 million shares changing hands. However, the stock shrank 1.8 percent to end at VND16,000.


Category: Stocks, Vietnam

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