25.11.2020, 19:04

VEC seeks advance capital for Ben Luc-Long Thanh expy project

The Saigon Times

VEC seeks advance capital for Ben Luc-Long Thanh expy project
A statue of a bull and a bear outside the Hochiminh Stock Exchange in District 1, HCMC. VN-Index soared to near 1,000 points on November 25 – PHOTO: THANH HOA

HCMC – Continuing its upward spiral, the VN-Index of the Hochiminh Stock Exchange closed up 4.18 points, or 0.42%, at 999.94 today, November 25, supported by strong demand for large-cap stocks.

Closing the day, the southern bourse saw 205 stocks winning and 221 others losing. Trade volume totaled over 475 million shares worth VND10.9 trillion, down 13.5% in volume and 11% in value against the previous session. Block deals contributed VND1.3 trillion to the total value.

Steelmaker HPG slumped by 5% at the close, but saw a huge volume of 55.7 million shares traded.

Many large-cap stocks performed well and ended the day up, with property firm VIC adding 1.5% and lender VCB gaining 1.2%. Dairy firm VNM made a recovery and ended the session up 0.8%, while brewery firm SAB and retailer VRE improved 1.6% and 1.1%, respectively.

As one of the best performers on the southern bourse, lender VPB jumped by 4.1% and saw matching volume total 12.3 million shares.

Among the small and medium stocks, property firm HAG and its agricultural affiliate HNG staged an impressive performance. HAG was the most actively traded stock in the group with over 12 million shares exchanged and closed the session up, while HNG shot up to the ceiling price and reported matching volume of over seven million shares.

On the northern bourse, the HNX-Index rebounded slightly and closed the session up 0.34% at 148.09 points, buoyed by cash flow into some bluechips.

Lender ACB finished the day at the reference price and reported matching volume of 6.5 million shares, while bank stock SHB added 1.2% and saw 8.7 million shares change hands.

Gas firm PVS took the lead on the northern bourse by liquidity with 9.5 million shares traded, ending the day up 2%. Other bluechips such as construction firm VCG and insurer PVI were in positive territory.