VN Index rises to over 860 points

23-May-2020 Intellasia | The Saigon Times | 6:02 AM Print This Post

Domestic stocks came under pressure from a correction in early trade today, May 21, but strong demand during the day helped boost the benchmark VN Index on the Hochiminh Stock Exchange.

Though the number of rising stocks was a tad higher than that of losing stocks at 176 to 172, the main index added 1.15 percent at 862.73, marking its fourth winning session in a row. However, stock trading declined as volume and value dipped 24 percent and 22 percent from the day earlier at 329.9 million shares and nearly VND5.4 trillion, respectively.

For the VN30 basket, retailer VRE and construction firm CTD were the only two losers, while 24 others advanced. Lenders HDB and EIB went up to the ceiling prices of VND25,050 and VND17,400, with matching volume of 1.1 million shares and 960,000 shares, respectively.

Among blue chips, construction firm ROS saw wild fluctuations before closing at the reference price of VND3,620. ROS led the market by liquidity with 46.4 million shares changing hands.

The Hanoi Stock Exchange fell for the second straight session, falling 1.13 percent against Wednesday at 105.74. Trading volume improved 47 percent at 71.7 million shares while value jumped 62 percent at nearly VND756 billion.

SHB again led the market by liquidity with more than 26 million shares traded but the lender still slumped 8.4 percent at VND12,000 given strong selling pressure.


Category: Stocks, Vietnam

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