Southern bourse closes in downbeat mood
Hochiminh City Securities Corporation’s employees monitor stock prices. The VN-Index of the Hochiminh Stock Exchange lost 17.6 points today, July 14 – PHOTO: THANH HOA
HCMC - The Hochiminh Stock Exchange saw dull trading with the VN-Index losing 17.6 points due to poor cash flow and negative performance of many largecaps today, July 14.
At the close, the main index dropped by 1.36% from the session earlier at 1,279.91 points, with 138 gainers and 234 losers.
Over 592 million shares worth VND19.3 trillion changed hands, up 10% in volume and 24.4% in value against the previous session. Block deals contributed VND2.2 trillion to the total value.
Bank stocks became key laggards on the southern bourse as most of them lost steam. Lender VIB reported the sharpest decline of 6.9%, while VCB, TCB, CTG, MBB and VPB fell by 1.55%-5.4%.
Other bank stocks such as ACB, HDB, STB, TPB, EIB and OCB were in negative territory.
Mobile phone retailer MWG slumped by 4.9%, while property firm VIC closed at the reference price.
Many small and medium stocks made strong gains, with property developer FLC and mining firm AMD surging by over 6%.
On the Hanoi Stock Exchange, the HNX-Index rose slightly, ending up 0.15 points, or 0.05%, from the day earlier, at 296.84. Trade volume and value fell by 27% at 96.6 million shares and 24% at VND2 trillion, respectively.
Many largecaps such as plastics company NTP, lender SHB and service company THD were in positive territory, contributing to the gain of the index.
Securities firm MBS and lenders NVB and BAB were among the worst performers.
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