Securities, bank stocks underpin VN-Index uptrend
A woman monitors stock prices on her computer. The benchmark VN-Index of the Hochiminh Stock Exchange rose 0.23% to close at 1,420.27 points on Friday - PHOTO: VNA
HCMC - Securities and bank stocks were the major contributors that helped the benchmark VN-Index of the Hochiminh Stock Exchange rise 0.23%, or 3.19 points, to close at 1,420.27 points today, July 2.
The southern bourse saw over 706.8 million shares worth VND26 trillion changing hands, falling 6.2% in volume and down slightly in value compared with the previous session. Some 53.22 million shares worth nearly VND3.28 trillion were traded in block deals, including 15.9 million shares worth VND1.9 trillion of real estate developer NVL. Declining stocks outnumbered gainers by 212 to 169.
A number of bank stocks such as TCB, STB, HDB, TPB and VIB rose 1-2%. STB was the most actively traded stock on the southern market with 41.48 million shares changing hands.
VPB was the best performer among bank stocks in the VN30 basket, increasing 2.4% to VND72,100 and seeing some 31.9 million shares traded. EIB also rose over 2% to end at VND31,350.
BID and VCB were the only two bank stocks that lost ground.
Securities stocks were also the major gainers, with AGR and VCI shooting up to the ceiling prices. VDS surged 6.7% to VND28,500, CTS up 4.4% to VND25,900 and FTS up 5.8% to VND41,700. HCM and SSI grew insignificantly.
Some other bluechips that gained ground were tech firm FPT, fuel stock GAS and mobile phone retailer MWG, which rose 3.4% to VND91,900, 2.5% to VND96,600 and 3.8% to VND156,800, respectively.
In the group of speculative stocks, shipping firm VOS reversed course to shoot up to the ceiling price at VND7,390 after three consecutive sessions hitting the floor price.
Meanwhile, AAA, FLC, ROS, HNG, TTF and DLG tumbled into the red.
On the Hanoi Stock Exchange, the HNX-Index added 0.7%, or 2.29 points, to end at 328.01 points, with declining stocks outnumbering gainers by 118 to 73. There were more than 139.5 million shares worth some VND3.35 trillion changing hands.
Among bank stocks, SHB and NVB were the biggest gainers, up 2.1% to VND29,000 and 6.7% to VND20,700, respectively.
Securities stocks also stole the limelight on the northern market. IVS surged 8.8% to VND11,100 and EVS soared 5.7% to VND35,100, while PSI and WSS shot up to the ceiling prices. VND, MBS and BSI rose 3.5-4.5%.
In related news, the State Securities Commission of Vietnam has approved the Hochiminh Stock Exchange’s proposal to put a new stock trading system provided by tech firm FPT into operation from July 5.
Duong Dung Trieu, chairman of FPT Information System, said the new system is capable of handling 3-5 million stock orders a day, replacing the current system that can process only some 900,000 stock orders a day.
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