VN Index barely inches up, HNX-Index soars

27-Feb-2021 Intellasia | The Saigon Times | 5:02 AM Print This Post

The local stock market saw the VN Index inch up slightly due to investors’ cautious sentiment, while HNX-Index soared mainly thanks to THD today, February 25.

The VN Index of the Hochiminh Stock Exchange added a fractional 0.29%, equivalent to 3.42 points, to end at 1,165.43 points.

Winning stocks outnumbered losers by 220 to 214. There were 510.4 million shares worth over VND13.35 trillion changing hands, falling 15 percent in volume and 11 percent in value against the session earlier.

In the VN30 basket, 17 stocks advanced but most of them increased slightly. Low-cost air carrier VJC rose 2.4 percent to VND135,000 and petroleum stock PLX expanded 1.9 percent to VND58,400. Both mobile phone retailer MWG and jewellery company PNJ rose 1.4 percent to end at VND135,700 and VND84,000, respectively.

Other gainers in the basket such as VCB, VRE, HDB, STB, MBB, FPT, GAS and HPG inched up 0.4-1.3%.

In contrast, sugar maker SBT was the biggest loser, falling 1.8 percent to VND21,950. Besides, housing developer KDH and consumer goods firm MSN both dropped 1.5%, ending at VND18,500 and VND89,600, respectively.

Refrigeration electric engineering corporation REE and dairy giant VNM lost approximately 1.1%. NVL, CTG, TCH, VPB and BID fell slightly.

Steelmaker HPG led the southern market in terms of liquidity with 21.9 million shares changing hands, followed by lenders STB and MBB with 18.3 million and 17.88 million shares, respectively.

In the group of speculative stocks, many stocks reversed course to end higher, including PVD, HQC, ROS, FLC, HBC, HSG, KBC, DIG, NKG, PVT, HCM and HHS.

VIX, HAH, CRC, TDC, TLH, GIL, BCE and SCM shot up to the ceiling prices.

Meanwhile, DXG, IJC, LDG, HAG, LCG, DLG, GEX, HNG and ASM ended in the red.

On the Hanoi Stock Exchange, the HNX-Index surged 3.5%, or 8.31 points, to close the day at 246.2 points, with gaining stocks outnumbering decliners by 103 to 71. There were 113.3 million shares worth nearly VND1.9 trillion changing hands on the northern bourse.

The rise of HNX-Index was mainly supported by service company THD, the biggest stock in terms of market capitalisation on the bourse, which shot up to the ceiling price at VND196,000. THD’s market capitalisation value now reaches more than VND68 trillion, far outstripping lender SHB, which comes second with VND28 trillion.

Other contributors were construction firm S99, which shot up to the ceiling price at VND29,700, and investment and development company TDT and petroleum stock PVS, which went up 6.3 percent to VND13,600 and 3.2 percent to VND22,500, respectively. Besides, securities companies BVS and MBS and stone processing company VCS rose over 2%.

https://english.thesaigontimes.vn/80687/vn-index-barely-inches-up-hnx-index-soars.html

 

Category: Stocks, Vietnam

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