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Saturday, November 28, 2020

VN-Index moves sideways due to poor investor demand

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HCMC – As the cashflow ebbed over investor caution, the VN-Index of the Hochiminh Stock Exchange inched down a fractional 0.07% at 868.11 points today, July 14.

With 181 stocks rising and 178 others falling, the southern market saw trade volume total 236.1 million shares worth VND4 trillion, almost unchanged from the previous session. Block deals contributed VND918 billion to the total value.

Some stocks in the VN30 basket, including brewery SAB, lender TCB and property firm NVL, were among major drags of the main index.

On the positive side, housing developer VHM advanced by 1.8% while gas firm GAS, steelmaker HPG and sugar producer SBT also gained ground.

Brokerage SSI was the most actively traded stock in the basket, with over 9.1 million shares changing hands, ending the day up by 4.7%. Many other securities such as HCM, VCI and APG were in positive territory.

Many stocks in the speculative stock group, including TTF, HAI, DLG, LCG and TTB, finished the day up. Realty developer HQC ranked first by volume on the southern bourse with 18.5 million shares traded and closed the session up to the ceiling price.

The Hanoi Stock Exchange had positive movements as the HNX-Index edged up by 0.49 points, or 0.42%, against the session earlier, at 116.14. There were over 36 million shares valued at VND367.5 billion transacted, up 24% in volume and 26% in value from the previous session.

The gain of many bluechips, including lender ACB rising 0.4%, construction firm VCG up 1.1% and real estate company NRC improving by 4.5%, sent the index of the northern bourse up.

Mining group ACM took the lead by liquidity on the northern market, with 3.4 million shares changing hands, but it plunged to the floor price.

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