| The Saigon Times
HCMC – Strong cash flow into large-cap stocks, coupled with upbeat investor sentiment, drove up the VN-Index of the Hochiminh Stock Exchange to end at 1,156.49 points today, January 7. With 302 winners and 142 losers, the benchmark VN-Index jumped 13.28 points, or 1.16%, from the day earlier. The southern bourse saw matching volume inching down 3.5% at over 763.7 million shares and value dropping by 5% at VND17 trillion. Block deals contributed VND1.7 trillion to the total value. Many bank stocks continued to be main drivers of the main index, with lenders VCB, CTG, TCB, MBB and HDB rising by 2%-4.5%. Other key contributors to the southern bourse were gas firm GAS, consumer goods company MSN, retailer VRE and refrigeration electrical engineering firm REE. Among the large-cap stocks, real estate developer NVL stole the limelight as it shot up to its ceiling price. Lender STB still took the lead on the southern market by liquidity with over 39 million shares changing hands, followed by steelmaker HPG with a matching volume of 21.7 million shares. Many small and medium stocks hit the ceiling prices and reported high matching volume such as real estate firms LDG and HAG, oil drilling firm PVD and agricultural company HNG. The Hanoi Stock Exchange continued to have positive movements as the HNX-Index closed up 4.55 points, or 2.15%, from the session earlier, at 216.23. Lender SHB was the most actively traded stock on the northern bourse with over 43.4 million shares changing hands and jumped by 7.9% at the close. Many other large-cap stocks such as industrial development firm IDC, securities firms SHS and MBS, and manufacturer TAR were in positive territory. | ||
