VN-Index inches up despite technical error
Employees of HCMC Securities Corporation are at work. The VN-Index of the Hochiminh Stock Exchange advanced a slight 0.13% on Monday - PHOTO: THANH HOA
HCMC – Despite a technical error in the afternoon and selling pressure caused by information of a new locally transmitted Covid-19 case in Haiphong, the VN-Index of the Hochiminh Stock Exchange rose slightly thanks to a number of hightly-active bluechips today, February 22.
The benchmark index added 1.54 points, or 0.13%, to close at 1,175.04 points. Winning stocks outnumbered losers by 170 to 160. There were more than 630 million shares worth some VND15.3 trillion changing hands on the southern market, increasing 8.9% in volume and 3.7% in value compared with the previous session.
Bank stocks were outstanding performers in the morning. However, BID, TCB, STB and VCB reversed course to end lower in the afternoon, while TPB, VPB and HDB rose only below 1%.
ACB was the biggest gainer among bank stocks, going up 1.6% to VND31,600, with 12.6 million shares traded. STB, MBB, LPB, TCB and CTG also had over 10 million shares changing hands each. STB took the lead on the southern bourse by liquidity with nearly 26 million shares traded.
For other heavyweights, housing developer VHM increased 2.6% to VND105,800 and petroleum stock PLX rose 1.6% to VND31,600. Property firm VIC, tech firm FPT, real estate developer NVL and industrial development corporation BCM added over 0.5%.
RIC of Royal International Corporation shot up to the ceiling price for the 26th straight session. Since January 8, RIC has increased by nearly five times. Securities firm VIX was another stock on the Hochiminh Stock Exchange that shot up to the ceiling price today.
In contrast, dairy giant VNM, retailer VRE, fuel stock GAS, steelmaker HPG, consumer goods company MSN and insurer BVH ended in the red.
On the Hanoi Stock Exchange, the HNX-Index went up 2.94%, or 6.79 points, to close at 237.97 points, with winning stocks outnumbering decliners by 102 to 88. There were 160.68 million shares worth nearly VND1.8 trillion changing hands on the northern bourse.
The main contributors included room service provider THD, up 9.8% to VND184,500, forestry corporation VIF, up 3.9% to VND18,600 and petroleum stock PVS, up 2.8% to VND21,700.
Meanwhile, some bank stocks performed poorly. SHB and NVB fell 1.3% to VND15,700 and 0.7% to VND13,600, respectively.
SHB took the lead by liquidity with 16.46 million shares changing hands, followed by PVS with 14.76 million shares and NVB with 7.84 million shares.
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