Golden Brand Awards launched in HCMC
ChandraGarran04 1-12-2020, 18:51

The Saigon Times

Golden Brand Awards launched in HCMC
A woman walks past a stock quotation board at a securities company in HCMC. The VN-Index of the Hochiminh Stock Exchange bounced back strongly this afternoon after a steep drop in the morning – PHOTO: THANH HOA

HCMC – The strong cash flow helped the VN-Index of the Hochiminh Stock Exchange reserved course to end higher today, December 1.

Investors caution caused by information about a new locally transmitted Covid-19 case in HCMC made hundreds of stocks on the southern bourse dip into the red this morning, resulting in a loss of over 20 points for the VN-Index. However, cash flow kept running into both large-cap and speculative stocks during the afternoon, helping the benchmark index rebound strongly.

At the close, the VN-Index increased by 0.58%, or 5.79 points, from the session earlier to 1,008.87 points.

Winning stocks outnumbered losers by 221 to 199. The southern market saw 583.31 million shares worth VND11.68 trillion change hands, increasing by 9.5% in volume and 3.5% in value against the previous session. Some 47.1 million shares worth over VND1.22 trillion were traded in block deals.

In the VN30 basket, 18 stocks gained ground, while only seven stocks declined.

Bank stocks were the outstanding cash magnets, with STB and TCH soaring by 5.5% to VND15,450 and 5.4% to VND20,550, respectively. STB and TCH were also the most actively traded stocks, with 37.83 million and 28.27 million shares changing hands, respectively.

VIB shot up to the ceiling price at VND29,500. TCB, HPG, MBB and VPB also had good liquidity, with 10-23 million shares traded each.

Other bluechips such as dairy producer VNM, brewery SAB, consumer goods company MSN and petroleum stock GAS extended by over 1%.

In the group of speculative stocks, HAG, HBC, HSG, PVD, DXG, LDG, DIG, and SCR among others gained ground. HBC, HSG and HAG had 10-16 million shares traded each.

On the Hanoi Stock Exchange, the HNX-Index increased by 0.83%, or 1.23 points, against the previous session, to close the day at 148.92 points, with gainers outnumbering decliners by 103 to 61. There were 57.8 million shares worth VND953.9 billion traded on the northern bourse.

Major contributors were lenders SHB and ACB and petroleum stock PVS, which rose by 1.8% to VND17,300, 0.48% to VND27,300 and 1.4% to VND14,900, respectively.

SHB, ACB and PVS also led the northern market by liquidity with the respective matching volume of 20.34 million, 9.24 million and 9.06 million shares.