Strong cash flow helps VN-Index extend winning streak
Investors watch stock prices on electronic boards at a securities company in HCMC. The benchmark VN-Index of the Hochiminh Stock Exchange inched up 0.2% to end at 1,242.38 points on Wednesday – PHOTO: VNA
HCMC – The strong cash flow helped the VN-Index of the Hochiminh Stock Exchange extend its winning streak to eight consecutive sessions today, April 7.
The benchmark index inched up 0.2%, or 2.42 points, to close the day at 1,242.38 points, with winning stocks outnumbering losers by 267 to 155.
There were 727.82 million shares worth more than VND16.5 trillion changing hands, increasing 4.87% in volume but decreasing 2.21% in value compared with the previous session. Some 51.65 million shares worth nearly VND1.68 trillion were traded in block deals.
In the VN30 basket, electricity firm POW was the biggest gainer, soaring 3.7% to VND13,950. POW was also an outstanding cash magnet with more than 23.91 million shares changing hands.
Some other major contributors included insurer BVH, which surged 2.9% to VND63,400, consumer goods producer MSN, which rose 2.1% to VND93,700 and lender TPB, which increased 2.3% to VND28,800. VRE, PDR, NVL, MBB and SSI expanded 1-2%.
In contrast, seven stocks in the basket lost ground. Housing firm VHM, dairy producer VNM and lender STB experienced the steepest decline, closing the day down 1.2% to VND100,500, 1.4% to VND100,100 and 2% to VND22,300, respectively. Lender BID and petroleum stock GAS lost approximately 0.5%.
Small and medium stocks stole the limelight, with many of them such as DLG, TTF, IDI, TTB, OGC, TGG, TDP, TNT, QNS, HCD and JVC shooting up to the ceiling prices.
Lender STB led the southern bourse in terms of liquidity with 51.6 million shares changing hands, followed by property developer FLC with 34.15 million shares and real estate firm DLG with 30.65 million shares.
On the Hanoi Stock Exchange, the HNX-Index went up 0.4%, or 1.16 points, against the previous session to close at 292.84 points. Gaining stocks outnumbered decliners by 147 to 84. There were nearly 158 million shares worth VND2.75 trillion changing hands.
Some major contributors included construction company VC3, investment and industrial development firm IDC and forestry corporation VIF, which rose 3.6% to VND23,000, 3.4% to VND40,100 and 1.8% to VND17,300, respectively.
Speculative stocks were also the good performers with KLF, MBG, VIG, BCC, ACM, TTH and HHG shooting up to the ceiling prices.
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