Techcombank launches preferential program for Tet for corporate customers
thamnguyen99 31-12-2020, 18:16

The Saigon Times

Techcombank launches preferential program for Tet for corporate customers
A woman walks past the bull and bear statue in front of the Hochiminh Stock Exchange in District 1, HCMC. The benchmark VN-Index expanded 0.58% in the final session of 2020 – PHOTO: THANH HOA

HCMC – Despite a turbulent year of trading due to the Covid-19 pandemic, the local stock market saw significant growth this year, with the benchmark VN-Index surpassing 1,100 points in the final session of 2020, increasing 14.86% from last year’s final session. 

The VN-Index of the Hochiminh Stock Exchange added 0.58%, or 6.33 points, against the previous session to end at 1,103.87 points today, December 31. Winning stocks far outnumbered losers by 290 to 160.

There were 527.8 million shares worth more than VND10.8 trillion traded on the southern market, dropping 22% in volume and 20% in value from the session earlier.

Many bluechips gained ground, contributing to the rise of the VN-Index. Big gainers included consumer goods stock MSN, bank stock TCB and brokerage stock SSI, which rose 6.5% to VND88,900, 4.9% to VND31, 350 and 4.8% to VND33,000, respectively.

Other major contributors were lender VPB, up 2.2% to VND32,500 and tech firm FPT, up 1.72% to VND59,100.

Besides, steel maker HPG, mobile phone retailer MWG, lender BID, electricity firm POW and housing developer KDH inched up over 1%.

In contrast, lender EIB suffered a steep fall, closing the day down 3% to VND19,500, while housing developer VHM and petroleum stock PLX lost less than 1%.

In the group of small and medium stocks, outstanding cash magnets such as FIT, CMX, DRH, ANV, EVG and CTS shot up to the ceiling prices.

Many other stocks such as ITA, FLC, PVD, HSG, ROS, KBC, HQC, HBC, LPB and SCR gained ground. Industrial zone developer ITA led the southern bourse by liquidity with more than 20.2 million shares changing hands.

On the Hanoi Stock Exchange, the HNX-Index increased 3.14%, or 6.17 points, to end at 203.12 points, with gainers outnumbering decliners by 92 to 54. There were some 100 million shares worth nearly VND1.16 trillion changing hands.

Some large-cap stocks such as bank stock NVB and securities stock BVS shot up to the ceiling prices, at VND10,000 and VND18,300, respectively.

Other top gainers were securities company SHS, up 8.23% to VND25,000 and service company THD, up 9.5% to VND115,000.

Property group HUT led the northern bourse by liquidity with 12.93 million shares changing hands although it lost 6.7% to end at VND4,200. Petroleum stock PVS came second with over 11.3 million shares traded.

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