Strong cash flow spurs VN-Index up

With 187 winners and 217 losers, the main index gained 4.05 points, or 0.44%, from the session earlier. Trade volume totaled 524 million shares worth VND8.78 trillion, up 5.6% in volume and 7% in value against the previous session. Some 27.7 million shares valued at VND905 billion were traded in block deals.

Industrial zone developer ITA and financial group OGC continued its upward trend, closing at the ceiling prices. Some 17 million ITA shares and over 9.4 million OGC shares changed hands at the close.

Despite trading in negative territory, realty trading firm HQC saw over 23 million shares change hands, while construction enterprises ROS jumped by 3.8% and was among the most actively traded stocks with 21 million shares transacted.

Property group FLC took the lead on the southern bourse by liquidity with a matching volume of over 26.9 million shares.

Among the bluechips, lender STB, steelmaker HPG, lender MBB and electricity firm POW traded actively with a matching volume of 7-19 million shares, even though they lost ground.

Many large-cap stocks such as consumer goods producer MSN, lender VCB, property firm VIC, housing developer VHM and gas firm GAS gained steam, contributing to the good performance of the main index.

On the Hanoi Stock Exchange, the weak performance of many large-cap stocks sent the HNX-Index down, dipping by 1.64 points, or 1.19%, at 136.13 at the close.

Lender ACB was the most actively traded stock on the northern bourse with over 17.6 million shares changing hands, but ending down 2.5%.

Many other largecaps, including service company THD, lender NVB, securities firm SHS and gas firm PVS, ended in the red.