The Saigon Times
HCMC – The strong cash flow helped the VN-Index of the Hochiminh Stock Exchange achieve the fourth straight winning session today, December 4 and reached 1,021.49 points, the highest since the beginning of this year.
Although the main index flew high, adding 1.69 points, or 0.17%, from the session earlier, losing stocks outnumbered winners by 246 to 197. The southern market saw 553.59 million shares worth over VND10.7 trillion changing hands, increasing by 6.69% in volume and 8.27% in value compared with the previous session.
Brewery SAB, which extended by 3.6% to VND202,000, was one of the main contributors to the rise. Other major contributors included lender CTG, which was up 2.66% to VND34,700, and consumer goods firm MSN, which increased by 3.1% to VND86,000 after the company announced it’s going to spend nearly VND1.2 trillion on dividend payment for shareholders.
Besides, rubber group GVR shot up to the ceiling price at VND20,050.
In contrast, construction material producer CVT suffered the third straight declining session, falling to the floor price at VND41,550.
Some bank stocks performed poorly, including MBB, VPB, TCB, HDB and VCB. Among them, VCB was the biggest loser, dropping by 2.57% to VND91,100.
However, bank stocks were outstanding cash magnets. STB led the southern market with 24.51 million shares changing hands. CTG and MBB had over 18 million shares traded each.
On the Hanoi Stock Exchange, the HNX-Index increased by 0.33%, or 0.5 point, against the previous session to close the day at 152.48 points, with gainers outnumbering decliners by 85 to 77. There were 60.61 million shares worth over VND770.5 billion traded on the northern bourse.
Multi-business firm CEO and service company THD shot up to the ceiling prices at VND7,800 and VND31,900, respectively. Lender NVB and stone processor VCS reserved course to end higher, while plastic stock NTP maintained growth momentum during the session to end at VND36,100, up 2.85%.
Lender SHB was the most actively traded stock on the northern market with 7.67 million shares changing hands. However, it fell by 1.7% to VND17,000.
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