VNR petitions for reduction of infrastructure charge
hanguyen0409 3-12-2020, 18:17

The Saigon Times

VNR petitions for reduction of infrastructure charge
Investors watch stock prices on electronic boards at a securities company in HCMC - PHOTO: VNA

HCMC - The Hochiminh Stock Exchange maintained active trading thanks to strong cash flow, pushing the VN-Index up for the third straight session to close at 1,019.8 points today, December 3.

With 267 winning stocks and 146 losers, the main index closed the day up 0.54%, or 5.48 points, against the day earlier. Trade volume totaled over 518.9 million shares worth VND9.88 trillion, declining by 24% in volume and 30% in value from the previous session.

Among the bluechips, electricity stock POW continued to be the biggest gainer, surging by 5.6% to VND11,400. Other major contributors were steelmaker HPG, lender VPB and securities corporation SSI, up 4.4% to VND36,850, 2.2% to VND28,300 and 2.5% to VND20,200, respectively.

Property firm VIC, dairy producer VNM, petroleum stock GAS, lender CTG and consumer goods firm MSN also gained ground, but by a mild rise of less than 1%.

Refrigeration electrical engineering corporation REE suffered the steepest decline, down 2.3% to VND47,200, followed by lender MBB, down 1.6% to VND21,000. Other decliners included brewery SAB, retailer VRE, real estate stock NVL, petroleum stock PLX and bank stock TCB, but at insignificant rates.

The most actively traded stocks were HPG, POW, MBB and STB, with over 20 million shares changing hands each.

Small and medium stocks were the outstanding cash magnets, with ITA, ASM, FRT, VOS, DIG, VPG, TTA, SJS, CEE and ABS shooting up to the ceiling prices. Industrial zone developer ITA led the southern market by liquidity with more than 32.3 million shares traded.

On the Hanoi Stock Exchange, the HNX-Index increased by 0.79%, or 1.19 points, against the previous session, to close the day at 151.99 points, with gainers outnumbering decliners by 68 to 49. There were 55.25 million shares worth nearly VND790 billion traded on the northern bourse.

Lender SHB and investment and trading company TNG were among a few large-cap stocks that lost ground, down 0.6% to VND17,300 and 2% to VND14,700, respectively.

In contrast, petroleum stock PVS soared by 4.8% to VND15,400 and securities firm VIX was up 5.1%, ending at VND18,400. Other big gainers included industrial development firm IDC, securities firm MBS and plastic company NTP, which enjoyed the respective increase of 4%, 3.3% and 2%.

PVS was most actively traded stock on the northern market with over 13 million shares changing hands, followed by VIX with more than 5 million shares.