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Trade on the Hochiminh Stock Exchange jumped 35% in volume and 162% in value to over 206 million shares worth roughly VND9.6 trillion. Block deals amounted to nearly 82 million shares worth VND6.56 trillion.
Most of the value came from the put-through trade in leading property developer VIC’s shares worth a value of over VND5.8 trillion. This possibly came from a deal which South Korean firm SK Group had acquired 154.3 million VIC shares through a private placement and 51.4 million secondary shares owned by its subsidiary VinCommerce.
However, the major deal did not make positive impact on the prices of the stocks in the VIC family. VIC remained unchanged and its subsidiaries VRE and VHM inched down.
Foreign investors net sold more than 136 million shares of real estate developer NBB, and some 0.5 million shares of steel maker HPG, but these stocks still gained 1.7% and 0.3% respectively to close the day at VND21,050 and VND32,900, thanks to the high demand of local investors.
The most positive contribution in the banking sector was MSN when it expanded 3.8% to close at VND91,300 and saw nearly one million shares changing hands. Despite modest gains, many other lenders reported matching volumes of between one million and five million shares each.
In contrast, dairy producer was the biggest loser as it slumped by 2.9% at VND133,500.
Notably, oil and gas stocks turned down after their strong growth on Monday. Gas firm GAS and oil drilling firm PVD declined by 1.3% and 1% at VND111,500 and VND21,100 per share, respectively.
Crude oil prices climbed 1.4% on Monday after the Organization of the Petroleum Exporting Countries (OPEC) indicated a continued production cut amid escalating tensions in the Middle East. West Texas Intermediate (WTI) oil fetched US$63.66 per barrel, while Brent crude was at US$73.27 per barrel.
Construction firm ROS still led the market by liquidity with more than 9.7 million shares changing hands, but its value slid 3.1% to VND32,450 per share.
Meanwhile, market breadth on the Hanoi Stock Exchange was positive with 79 gainers and 73 decliners. The HNX-Index also edged down 0.03% at 106.28 points.
Around 27.5 million shares worth VND318 billion were traded on the northern market, down 5% and 17% respectively over the previous session.
Similar to the southern bourse, most stocks in the oil and gas sector on the northern bourse slid due to strong profit taking. For example, PVS and PVB respectively fell 1.2% and 1.5% at VND24,900 and VND20,000 per share.
In contrast, lender ACB, construction firm VCG and plastics producer NTP added 0.3%, 0.4% and 3% at VND29,4000, VND26,300 and VND35,000. Lender SHB was the most actively traded stock with more than 3.3 million shares being changing hands.