VN Index recovers slightly after steep fall

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

After losing 5.11 percent due to panic selling yesterday, the benchmark VN Index of the Hochiminh Stock Exchange recovered slightly today, January 20, adding 3.68 points, or 0.33%, to close at 1,134.68 points.

Declining stocks still outnumbered gainers by 235 to 209. There were 839.3 million shares worth nearly VND17.8 trillion changing hands on the southern market, falling 15 percent in volume and 12.6 percent in value compared with the previous session.

Among large-cap stocks, real estate developer NVL and mobile phone retailer MWG were the biggest gainers, rising 5.2 percent and 2%, respectively.

Property firm VIC, dairy producer VNM, lenders ACB and TCB, low-cost carrier VJC, tech firm FPT and electricity firm POW increased over 1%.

Steelmaker HPG rose 0.2 percent to VND41,700 and was the most actively traded stock in the group of large-cap stocks, with 37.9 million shares changing hands. Bank stocks STB and TCB also had good liquidity, with 34.4 million and 25.77 million shares transacted, respectively.

In the group of small and medium stocks, real estate stock HQC took the lead on the southern bourse by liquidity with 45.55 million shares traded. However, HQC lost 3.2 percent to VND2,740.

Construction enterprise ROS and property group FLC also had good liquidity, with more than 30 million shares traded each. While ROS expanded 2.7 percent to VND3,740, FLC dropped 2.8 percent to VND5,130.

On the Hanoi Stock Exchange, the HNX-Index rebounded strongly, adding 4.12%, or 9.23 points, to end at 233.26 points, with winning stocks outnumbering decliners by 109 to 87. There were 173.5 million shares worth over VND2.2 trillion changing hands on the northern bourse, rising 6.7 percent in volume but dropping 8.7 percent in value.

Major contributors were investment company THD, which shot up to the ceiling price at VND159,500, and bank stock SHB and petroleum stock PVS, up 4.73 percent to VND17,700 and 4.23 percent to VND19,700, respectively. Besides, power corporation DTK, insurer PVI and lender NVB increased over 3%.

Many small stocks such as HUT, ART, ACM, VIG, BII and KVC also shot up to the ceiling prices.

https://english.thesaigontimes.vn/80275/vn-index-recovers-slightly-after-steep-fall.html

 

Category: Stocks, Vietnam

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