VN-Index hits nine-month peak – VnExpress International

The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw the highest single-session trading volume this year at VND14.4 trillion ($621.32 million). On the bourse, 216 stocks gained and 189 lost.

Of this, VND10.7 trillion, or 74 percent of trading volume, involved the VN30, a basket of the HoSE’s 30 largest capped stocks, which saw 22 stocks rise and six fall. This is the highest trading volume the basket has achieved this year, resulting in the VN30-Index gaining 1.57 percent.

Two stocks on the VN30 hit their price ceilings, the highest they could go in a trading session, a rare occurrence for blue chips in general. MSN of food conglomerate Masan Group surged 7 percent, and TCB of private lender Techcombank was up 6.8 percent.

The two tickers altogether accounted for a 3.6 point gain on the VN-Index, according to data from brokerage VNDIRECT.

Analysts say they have not observed any official announcements or financial disclosures from MSN which would have significantly affected demand for the stocks, while Techcombank in the morning had announced they will issue VND48 billion worth of shares in an Employee Stock Ownership Plan.

The next major gainers on the VN30 were BID of state-owned banking giant BIDV, up 4 percent, followed by SAB of major brewer Sabeco, up 3.3 percent, and SSI of top brokerage Saigon Securities Inc., with 3.1 percent.

Of state-owned banks, VCB of giant Vietcombank rose 2 percent but CTG of giant VietinBank dropped 1.8 percent, while MBB of mid-sized Military Bank gained 0.9 percent.

Private lenders were overall strong performers this session, with the best tickers being VPB of VPBank, up 2.6 percent, HDB of HDBank, up 1 percent, and STB of Sacombank, up 0.4 percent. EIB of Eximbank kept its opening price.

Other major gainers this session included MWG of electronics retailer Mobile World, up 2.6 percent, HPG of steelmaker Hoa Phat Group, up 1 percent and VIC of Vietnam’s largest private conglomerate Vingroup, up 1 percent.

In the opposite direction, SBT of agricultural firm TTC-Sugar topped losses with 2.8 percent, followed by ROS of construction firm FLC Faros, down 1.7 percent, and REE of appliances maker Refrigeration Electrical Engineering, down 1.3 percent.

The HNX-Index for the Hanoi Stock Exchange, home to mid- and small-capped stocks, added 1.57 percent, while the UPCoM-Index for the Unlisted Public Companies Market was down 0.47 percent.

Foreign investors were net sellers for the 14th consecutive session, upping their net offload to over VND580 billion on all three bourses. The most net sold stocks were MSN of Masan Group and TCB of Techombank, which had both hit their price ceilings this session.


What's Your Reaction?

Cry Cry
Cute Cute
Damn Damn
Dislike Dislike
Like Like
Lol Lol
Love Love
Win Win

Comments 0

Your email address will not be published. Required fields are marked *

VN-Index hits nine-month peak – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Upload your own images to make custom memes
Youtube, Vimeo or Vine Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF