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Main index closes week at new record

Main index closes week at new record

Two investors look at electronic boards showing stock prices. The VN-Index sets a new record today, May 21 - PHOTO: VNA

HCMC – The VN-Index of the Hochiminh Stock Exchange added 5.71 points, or 0.45%, at 1,283.93 points today, May 21, extending its winning streak to the third consecutive session this week and breaking the record yesterday.

The rise of the index was attributed to the strong cash flow although it also caused an overload of order placing.

Closing the day, the southern bourse had 257 gainers and 162 losers. Trade volume totaled nearly 699 million shares worth nearly VND23.7 trillion, down 6.2% in volume but up 4.13% in value against the session yesterday. There were more than 44.8 million shares valued at VND2.5 trillion traded in block deals.

Lender BID rose to its ceiling price of VND44,750 with nearly 11.55 million shares changing hands.

Some other large-cap stocks also posted positive growth. For example, housing developer VHM edged up 1.9% at VND103,900 and petroleum stock PLX rose 5.5% at VND57,400.

On the other hand, bank stocks VCB and CTG put pressure on the market as CTG lost 1.3% at VND48,250 and VCB inched down 2.1% at VND96,900.

In addition, steel stocks faced strong selling pressure and securities stocks cooled down, while real estate ones expanded.

Specifically, KBC, SCR, LDG, ASM, LCG and SZC reached their ceiling prices, and FLC, HQC, ITA and PDR surged.

On the northern bourse, the HNX-Index maintained its growth momentum thanks to the strong money flow.

The index added 2.89 points, or 0.98%, at 297,99 points. There were more than 133 million shares worth nearly VND3.1 trillion traded on the bourse.

Stone processor VCS jumped 5.6% at VND94,800 and industrial development firm IDC gained 4.7% at VND35,900.

Additionally, lenders SHB, NVB and BAB contributed to the growth of the index.

Meanwhile, many securities stocks fell. Notably, MBS lost 2.9% at VND23,800.

As for liquidity, SHB led the market with 27.6 million share transacted, followed by securities firm SHS with 12.43 million shares.

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