The Saigon Times
HCMC – Strong bottom fishing and active cash flow into some large-cap stocks sent the VN-Index of the Hochiminh Stock Exchange up 1.57 points, or 0.16%, at 995.76 today, November 24.
Despite the negative market breadth with 169 stocks rising and 263 others falling, the southern bourse saw trade volume and value gain 12% and 17%, against the previous session, at over 550 million shares and VND12.4 trillion, respectively. There were over 38.5 million shares worth VND1.4 trillion traded in block deals.
In the VN30 basket, 18 stocks ended in the red, while nine others gained steam and the remaining three stocks stood at the reference price.
Gas stock GAS, consumer goods firm MSN, jewelry firm PNJ and fuel distributor PLX lost 1%-1.3%. Property firm VHM and sugar company SBT were the best performers, jumping by 4% and 5.7%, respectively.
Steelmaker HPG took the lead on the southern bourse by liquidity with over 48 million shares changing hands, followed by lender TCB with a matching volume of 22.5 million shares.
Many speculative stocks, including BWE, which is active in the water supply and environment sector, property firm HBC, and oil drilling firm PVD, also attracted strong cash flow.
Due to poor performance of many large-cap stocks, the HNX-Index of the Hanoi Stock Exchange lost 0.59 points, or 0.4%, at 147.58.
Lender SHB, securities firm SHS, construction firm VCG and investment and industrial development firm IDC closed the day down, while bank stock ACB, property enterprise CEO and apparel firm TNG stood at the reference price.
Gas firm PVS was the most actively traded stock on the northern bourse with a matching volume of 11.3 million shares, while lender ACB came second, with 10.3 million shares changing hands.
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