VN Index ends in the red as bluechips sink

20-Jan-2021 Intellasia | The Saigon Times | 6:02 AM Print This Post

The benchmark VN Index of the Hochiminh Stock Exchange lost 2.26 points, or 0.19%, against the session earlier to close the day at 1,191.94 points today, January 18, with many bluechips sinking.

There were 273 gaining stocks and 201 decliners. The southern market saw 747.35 million shares worth VND17.2 trillion change hands, falling 4.57 percent in volume and 8.18 percent in value compared with the previous session.

In the VN30 basket, 11 stocks gained ground while 19 declined. Bank stocks were the main drags as most of them dipped in the red.

VCB was the only gainer among bank stocks. CTG, EIB, HDB and STB shrank 2.28 percent to VND38,600, 2.5 percent to VND21,450, 2.33 percent to VND27,250 and 2.37 percent to VND20,600, respectively. MBB and VPB also fell approximately 2%.

However, STB set its new record with 59.66 million shares traded, leading the southern market by liquidity.

Other large-cap stocks such as housing developer VHM, property firm VIC, dairy producer VNM and brewery SAB fell slightly, while petroleum stock GAS, real estate developer NVL, mobile phone retailer MWG and securities corporation SSI lost over 1%.

Some of the biggest gainers among large-cap stocks were consumer goods producer MSN, up 2.26 percent to VND95,100, and sugar maker SBT, up 5 percent to VND25,000. Besides, retailer VRE and jewellery company PNJ increased 1.8 percent to VND37,350 and 1.7 percent to VND83,900, respectively.

In contrast to bluechips, many speculative stocks shot up to the ceiling prices, including FLC, HQC, FIT, TTF, CIG, DLG, HAI, TNI and AMD. Industrial zone developer ITA rose 2.39 percent to VND8,560 and was the second most actively traded stock on the southern market with 24.8 million shares changing hands.

While the VN Index sank, the HNX-Index of the Hanoi Stock Exchange added 2.23%, or 5.04 points, to end at 230.5 points, with 131 stocks winning and 93 others losing. There were more than 155.6 million shares worth some VND2.3 trillion changing hands on the northern bourse.

Some large-cap stocks such as service company THD, investment and trading company TNG and real estate company NRC hit their daily ceiling prices, helping the HNX-Index fly high.

Many small and medium stocks including KLF, ART, ACM, APS, MPT and PVL also moved up to their ceiling prices.

Lender SHB took the lead in terms of liquidity, with more than 37.5 million shares traded. However, SHB dropped 3.1 percent to VND18,600.

https://english.thesaigontimes.vn/80236/vn-index-ends-in-the-red-as-bluechips-sink.html

 

Category: Stocks, Vietnam

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