VN Index falls but liquidity at 1-1/2-month high

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

The strong selling of many blue-chip stocks drove down the VN Index of the Hochiminh Stock Exchange today, October 25, but liquidity on the bourse soared to its 1-1/2-month high.

With 200 stocks rising and 240 others falling, the benchmark index lost 3.84 points, or 0.28%, at 1,385.4 points.

The southern market saw 899.26 million shares worth some VND27.1 trillion changing hands, up 12.69 percent in volume and 25.68 percent in value against the session earlier. Of the total, over 31.18 million shares valued at nearly VND1.7 trillion were traded in block deals.

In the VN30 basket, 13 stocks rose while 16 others dropped. Insurer BVH made the sharpest rise in the basket and closed at its daily ceiling price.

In addition, rubber group GVR, property developer KDH and fuel distributor PLX gained more than 2 percent each.

On the other hand, steelmaker HPG and lender TPB reported the largest fall, at 2.8 percent each, followed by bank stock TCB, at 2.7%, and securities firm SSI and lender STB, at 2.3 percent each.

Meanwhile, in the group of small and medium stocks, real estate firm HQC extended its gain and closed up 3.9 percent to its intra-day high, at VND4,750.

Bank stocks continued putting pressure on the market as only CTG advanced less than 1%. Others were traded below their reference prices. Specifically, TCB, VIB, SHB, TPB and STB tumbled over 2 percent each, while MBB, ACB and EIB lost over 1 percent each.

As for securities stocks, large-caps continued slipping, such as HCM with a 2.7 percent fall and VND and VCI with a 3.1 percent decline each.

Similarly, many steel stocks plummeted to their lowest levels of the day, such as HPG by 2.8%, HSG by 4.1%, NKG by 5.8%, TLH by 3.2%, POM by 3.8 percent and SMC by 3%.

HPG led the southern bourse in terms of liquidity with 41.6 million shares traded.

Meanwhile, insurance stocks stole the limelight as BVH, BMI and VNR closed at their daily ceiling prices. Moreover, PRE and PTI surged some 5 percent each.

On the Hanoi Stock Exchange, the HNX-Index rose 4.68 points, or 1.2%, to close at 395.88 points, buoyed by the active cash flow and blue-chip stocks.

More than 145.26 million shares valued at some VND3.2 trillion were transacted on bourse.

Property and construction stocks were bright spots on the stock market. VC3 added 10 percent as it soared to its ceiling price, at VND29.700, while L14, NDN and VMC gained 7%-8.5 percent each. IDC jumped 5.6 percent at VND66,300.

In the HNX30 basket, plastic enterprise NTP and fertiliser firm LAS also closed at their ceiling prices.

On the contrary, most of coal stocks inched down due to strong selling after they had shot up to their ceiling prices at the final session of last week. For example, NBC dipped 3%, TVD and MDC tumbled some 5 percent each and TC6 lost 3.2%.

Housing firm NDN was the most actively traded stock on the northern bourse with more than 8.88 million shares transacted.


Category: Stocks, Vietnam

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