Main index rockets to new record
The Saigon Times
|A man monitors stock prices on his laptops. The VN-Index hits a record high today, April 12 – PHOTO: VNA|
HCMC – Strong cash flows coupled with positive investor sentiment, triggered by a surge in the liquidity on the Hochiminh Stock Exchange, pushed the VN-Index to an all-time high of 1,252.45 points today, April 12.
Closing the day, the main index jumped by 20.79 points, or 1.69%, against the session earlier, with advancers outnumbering losers by 301 to 134.
Trade volume totaled some 890.31 million shares worth over VND21.5 trillion, up 21.49% in volume and 18.17% in value from the previous session. The value of traded stocks was also the highest-ever.
Some 32.67 million shares worth over VND1.5 trillion were traded in block deals.
In the VN30 basket, only six stocks tumbled.
Meanwhile, many large-cap stocks posted a sharp increase. For example, property developer VIC jumped 5.7% at VND132,000; VIC’s housing affiliate VHM added 2.9% at VND101,800; steelmaker HPG picked up 3.3% at VND51,200; and real estate firm NVL surged 5.9% at VND95,300.
Other major contributors were bank stocks, with large-cap ones increasing more than 1% each. Notably, STB soared 3.3% at VND23,450. It also led the southern bourse in terms of liquidity with 49.31 million shares changing hands.
The HNX-Index of the Hanoi Stock Exchange also continued its upward spiral, adding 1.75 points against the session earlier at 293.79 points.
There were more than 183 million shares worth some VND3.1 trillion changing hands, with nearly 8.6 million shares, valued at VND120.39 billion, being traded in block deals.
Some large-cap stocks in the HNX30 basket inched up, such as lender SHB by 0.4% and stone processor VCS by 0.7%.
Further, securities company SHS rose 2.5% at VND32,400; bank stock NVB edged up 2.2% at VND18,300; and MBS expanded 2.3% at VND26,900.
Trading and food service firm KLF and securities enterprise ART, which are associated firms of FLC, were the most actively traded stocks on the bourse with matching volumes of 15.77 million and 1.85 million shares, respectively. ART rose 6.9% at VND10,900 and KLF surged 8.7% to its ceiling price of VND5,000.