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Friday, October 23, 2020

VN-Index extends rally for fifth straight session

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HCMC – The benchmark VN-Index of the HCMC market reversed course to end higher thanks to property firm VIC, the biggest stock by market capitalization, which closed at its intraday high today, October 15.

Specifically, VIC rose by 2.6% to VND97,500 and was the major contributor to the index’s gain made in the last minutes of the session.

Bluechips that well performed in the morning eased off. While steelmaker HPG gained 2.5%, lender TCB closed unchanged, and its fellow CTG added a slight 0.2%.

Outstanding winners included jewelry firm PNJ that expanded 3.3% and consumer goods company MSN that reversed course to end 1.4% higher. Similarly, local low-cost carrier VJC improved 1.3%.

Other supporters for the main index included two lenders STB, HDB, and refrigeration electrical engineering company REE.

Among speculative stocks, HAG led the HCMC market by liquidity with a matching volume of 32.3 million shares. Other stocks that were actively traded and made gains included FLC, GEX, HBC, DXG, PVD.

Overall, the main index added 2.58 points, or 0.27% against Wednesday at 942.76, with 184 advancers and 223 decliners. Trading volume on the southern bourse was over four million shares lower than that of the previous session to exceed 470 million shares, while value plunged 34% to over VND9.4 trillion.

On the northern bourse, the rise of three largecaps ACB, SHB, and VCG again supported the HNX-Index that expanded 2.17 points, or 1.58% versus the previous session to reach 139.66.

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