Stocks continue upward spiral

Closing the day, the benchmark VN-Index advanced 10.3 points, or 1.07% against the day earlier at 975.64 points. The southern bourse saw 197 gainers and 99 losers.

More than 188 million shares worth VND4.1 trillion changed hands, up 19% in both volume and value against the session earlier. Block deals amounted to 34.7 million shares valued at over VND723 billion.

Most of the top 10 stocks by market capitalization closed the day up, except for brewery SAB, which lost steam at the end of the day. Dairy producer VNM added 0.07% at VND135,600 despite the profit taking pressure. Notably, lender TCB ended the session up 4.13% at VND23,950 per share, with 3.26 million shares matched, making the first spot in the group.

Property group VIC improved 1.59% at VND115,300 while housing developer VHM, lender BID and retailer VRE edged up 1.18%, 1.54% and 1.67%. The southern exchange also saw lender VCB and gas firm GAS rising slightly.

As for the top 30 heavyweights, brewery firm BHN and fuel distributor PLX were the key contributors for the southern bourse’s rally, jumping 4.71% and 3.21%, respectively, against the session earlier. Steel maker HPG got back to the reference price while lender HDB closed the session up 1.47% at VND27,600, with 2.5 million shares transacted, apart from the rise of lender CTG, mobile phone retailer MWG and lender VPB.

Other stocks also saw liquidity strongly improve on high demand. Plastic firm AAA had 5.73 million shares transacted, ending the day up 0.86% at VND17,600 while oil drilling firm PVD saw a high trading volume of 5.58 million shares even though it closed the session down 2.36% at VND20,700.

Further, property developer HBC shot up to the ceiling price of VND17,400, with matching volume of 3.54 million shares.

The HNX-Index of the Hanoi Stock Exchange continued its upward trend, advancing 0.74 points, or 0.7% at 106.43 points.

Trade on the northern bourse totaled 35.6 million shares worth VND461.9 billion, down 4.4% in volume and 12% in value against the session earlier.

Unlike Tuesday’s session, industrial firm VCS and lenders ACB and SHB were key drivers for the northern exchange today, adding 2.93%, 1.37% and 1.37%, respectively.

Insurer PVI kept its growth at 2.37% while construction firm VCG and building material firm VGC fell 1.14% and 0.96%, respectively, versus the session earlier. The northern bourse witnessed gas firm PVS trading actively, with 4.59 million shares changing hands.