31 C
Ho Chi Minh City
Sunday, October 25, 2020

Strong cash flow lifts stocks up

Must read

S.Korea to provide humanitarian aid for flood-hit Vietnam

HCMC - The government of South Korea will provide US$300,000 in immediate humanitarian aid for Vietnam to cope with the damage caused by torrential...

Saudel could touch down in Quang Binh, Quang Tri

HCMC – Weather experts forecast that Saudel, the eighth storm to threaten Vietnam this year, will hit the central provinces of Quang Binh and...

Strong cash flow behind market rebound

HCMC - A strong cash flow which especially poured into heavyweights on October 22 helped the VN-Index of the HCMC market reverse course to...

CAAV proposes withdrawing BlueSky’s aviation business license

HCMC – The Civil Aviation Authority of Vietnam (CAAV) has written to the Ministry of Transport proposing it cancel the general aviation business license...
HCMC – The VN-Index of the HCMC Stock Exchange skirted 870 points and ended in positive territory, as many stocks made gains thanks to increased demand today, August 24.

Closing the session, the benchmark index added as much as 13.9 points, or 1.63% against last Friday to reach 868.68, with the number of winners nearly quadrupling that of losers at 332 to 84. Trading on the southern bourse improved 33% in volume and 34% in value over the session earlier at 381.5 million shares and over VND6.6 trillion. Block deals contributed more than VND910 billion to the overall value.

The group of bank stocks was the main contributor to the VN-Index’s growth as most of them rose sharply, except for EIB closing unchanged and CTG nearly staying at its reference price at the close.

Among rising bank stocks, HDB expanded 3.7% to hit its intraday high of VND28,200, MBB and TCB both inched up 2.9%, and VPB soared a staggering 5.9% to its intraday high.

Bank stocks also were cash flow magnets. Lender STB reported matching volume of some 14.3 million shares, and MBB saw over 8.3 million shares changing hands. Their peers VPB and CTG recorded 7.2 million and 4.4 million shares transacted, respectively.

Many largecaps also staged outstanding performance. Property developer VIC gained 3.4%, gas firm GAS, steelmaker HPG, consumer goods producer MSN all edged up over 1%, in addition to other advancers such as PLX, SAB.

As for TCH, a financial investment company, it did not surge sharply but was noticeable for maintaining a 1% rise and trading actively with 2.75 million shares.

Regarding speculative stocks, realty trading firm HQC hit its upper limit and led the southern bourse by liquidity with 17.47 million shares transacted. Other medium and small stocks closed at their ceiling prices.

Trading on the northern bourse was less active than that of the south. The HNX-Index increased 0.53 point, or 0.43% versus the previous session to 123.16, with 120 advancers and 53 decliners.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest articles

S.Korea to provide humanitarian aid for flood-hit Vietnam

HCMC - The government of South Korea will provide US$300,000 in immediate humanitarian aid for Vietnam to cope with the damage caused by torrential...

Saudel could touch down in Quang Binh, Quang Tri

HCMC – Weather experts forecast that Saudel, the eighth storm to threaten Vietnam this year, will hit the central provinces of Quang Binh and...

Strong cash flow behind market rebound

HCMC - A strong cash flow which especially poured into heavyweights on October 22 helped the VN-Index of the HCMC market reverse course to...

CAAV proposes withdrawing BlueSky’s aviation business license

HCMC – The Civil Aviation Authority of Vietnam (CAAV) has written to the Ministry of Transport proposing it cancel the general aviation business license...

HCMC, Hanoi asked to make wearing face masks in public mandatory

HCMC – The prime minister has instructed localities to continue adopting Covid-19 infection prevention and control measures and ordered Hanoi and HCMC authorities to...