Stock market uptrend continues
The Saigon Times
|A man is seen talking on his phone while watching stock prices at a securities company. The local stock market extended rally today, April 20 – PHOTO: VNA|
HCMC – Profit-taking pressure on several bluechips caused the main VN-Index of the Hochiminh Stock Exchange to waver for a while, but the index managed to bounce back and maintain its winning streak thanks to the support of lender VCB, housing developer VHM, and dairy firm VNM today, April 20.
The benchmark index entered the afternoon phase in a bullish mood and stayed above 1,285 points, or rising by 25 points against its reference price, before slipping quickly due to increased profit-taking.
Closing the session, the VN-Index added 7.7 points, or 0.61% over the session earlier at 1,268.28, with 187 stocks rising and 227 others inching down. More than 843 million shares worth over VND23 trillion were transacted on the southern bourse, up 3% in volume and 16% in value compared to the previous session. Of the total value, shares traded in put-through deals accounted for some VND1.9 trillion.
The VN30 basket saw 14 winners, 15 losers, and one stock closing unchanged, which was lender MBB. Among strong gainers, real estate company PDR, lender VCB, housing developer VHM, mobile phone retailer MWG, dairy firm VNM, and realty firm KDH soared 3.2-4.6%. Besides this, low-cost carrier VJC, gas firm GAS, and insurer BVH added around 1%.
Regarding decliners in the basket, financial service provider TCH was the poorest performer but it only shed 2.6%. Sugar maker SBT, brokerage SSI, lender TPB also edged down around 2%. Largecaps such as VIC, HPG, TCB, NVL, CTG, and MSN fell around 1%.
Among speculative stocks, real estate corporation HQC lost 1.9% and led the southern bourse by liquidity with over 48 million shares traded, followed by construction firm ROS with nearly 44 million shares. QBS, TNI, HAX, and HMC also staged outstanding performance as they hit their upper limits.
On the northern bourse, the HNX-Index was volatile before reversing course to end higher, adding 0.73 points, or 0.25% versus the previous session to finish at 296.48, with 57 gainers and 84 decliners.
Lender SHB stole the limelight on the Hanoi market as it increased 2.6% and was the most actively traded stock on this bourse with over 30.44 million shares transacted.