A person monitors stock information on a computer screen at a securities firm in HCMC. The benchmark VN-Index of the Hochiminh Stock Exchange bounced back and closed at a new high today, June 22 - PHOTO: VNA
HCMC – The benchmark VN-Index of the Hochiminh Stock Exchange bounced back and closed at a new high today, June 22, thanks to the support of bluechips, especially bank and real estate stocks.
With 189 winners and 204 losers, the main index added 7.34 points, or 0.53% against the previous session at 1,379.97. Nearly 747 million shares worth over VND22 trillion were traded on the southern bourse, declining 3% in volume and 1% in value over the session earlier. Of the total value, shares traded in put-through transactions were worth some VND2 trillion.
In the VN30 basket, 17 stocks made gains, 10 others encountered losses, while the remaining three---dairy firm VNM, fuel distributor PLX, and lender BID---closed unchanged.
Among the winners in the basket, many bank stocks maintained their growth such as MBB and CTG rising over 3%, and HDB, ACB, MSB, and LPB advancing more than 2%. Notably, the bank stock HDB was heavily net bought by foreign investors, with over 1.3 million shares worth over VND44 billion.
Other good performers in the basket included property developer NVL which soared over 4%, gas firm GAS which improved 2%, and VCB, TPB, TCB, STB, HPG, SSI which rose at least 1%.
Meanwhile, lender VPB, retailer VRE, housing developer VHM, tech firm FPT, and consumer food producer MSN bucked the market uptrend and closed in negative territory.
Regarding market liquidity, lender MBB took the lead in the basket with 35.45 million shares transacted, followed by its fellows STB and CTG with 25.18 million and 21.91 million shares traded, respectively. Further, HPG, TCB, VPB and POW each reported a matching volume of 13-18 million shares.
In the group of speculative stocks, AAA, DLG, HQC, HNG, ITA and many others were deep in the red. Meanwhile, property group FLC reversed course to end higher by 1% thanks to strong demand and was the most actively traded stock on the southern bourse, with 44.35 million changing hands.
On the northern bourse, the HNX-Index gained 0.84 points, or 0.27% against Monday to close at 317.09, with 101 advancers and 113 decliners. Despite strong selling, many bank, securities, and fuel stocks of the Hanoi market managed to extend rally.
- Main index plunges as some 480 stocks end in red
- Bluechips lift VN-Index up
- Speculative stocks fly high amid market rally
- The main index continues to rise
- Stock market closes in downbeat mood
- Stock market extends losses
- Property stocks steal limelight
- Stocks retreat on strong sell-off pressure
- Sell-off sends main index down