Bank stocks help VN-Index jump higher
Bank stocks help VN-Index jump higher
Bank stocks were the main driver of the local stock market today, November 13, helping the VN-Index of the Hochiminh Stock Exchange expand for the third straight session.
A bank teller at Sacombank offers support to a client. Bank stocks helped spur the local market today, November 13 – PHOTO: THANH HOA
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The benchmark index added 0.73%, or 7.01 points, to close the day at 966.29 points, with winning stocks far outnumbering losers by 279 to 146. There were 457.8 million shares worth over VND8 trillion changing hands, surging by over 33% in both volume and value against the session earlier.
Most bank stocks gained ground, with the biggest gainers being TCB and MBB, which soared by 3.2% to VND23,000 and VND19,300, respectively. Both CTG and VPB increased by 3.1% to respectively end at VND31,950 and VND24,500, followed by BID, up 1.8% to VND40,300 and STB, up 1.5% to VND13,900.
Falling by 0.2% to VND25,850, HDB was the only bank stock that shrank.
In the VN30 basket, only five stocks lost ground. In contrast, housing developer VHM increased by 1.4% to VND78,300 and steelmaker HPG rose by 1.6% to VND31,950. Property firm VIC, dairy producer VNM and brewery SAB inched up approximately 0.5%.
Similar to large-cap stocks, many small and medium stocks surged. Construction enterprise LCG, investment corporation IDI and investment company EVG shot up to the ceiling prices, while industrial zone developer ITA soared by 3.74% to VND4,990 and realty stock DXG extended by 1.5% to VND13,700.
Property group FLC remained the most actively traded stock on the southern market, seeing 43.52 million shares change hands. FLC also shot up to the ceiling price at VND4,620.
On the Hanoi Stock Exchange, the HNX-Index expanded by a fractional 0.08%, or 0.12 points versus the previous session to close the day at 144.74 points, with gainers outnumbering decliners by 100 to 59. There were 49.23 million shares worth VND701.85 billion traded.
The northern market was supported by a number of bluechips such as petroleum stock PVS, up 1.3% to VND15,100; lender ACB, up 0.4% to VND26,500 and service company THD, up 1.2% to VND81,000.
PVS led the northern market by liquidity, with 10.88 million shares traded, followed by ACB with 6.22 million shares traded.
