Stock markets stage strong rally
Stock markets stage strong rally
Strong cash flow into largecaps helped the VN-Index of the Hochiminh Stock Exchange rebound sharply today, August 9, adding 18.41 points, or 1.37%, to close at 1,359.86.
Investors look at electronic boards displaying stock information. The benchmark VN-Index of the Hochiminh Stock Exchange rebounded strongly today, August 9, gaining 18.41 points - PHOTO: VNA
|
The number of winning stocks far outstripped that of losing ones by 271 to 97. The southern bourse saw over 687.9 million shares worth VND22.6 trillion change hands, down 6.5% in volume but inching up slightly in value against the session earlier. Block deals contributed VND2 trillion to the total value.
In the VN30 basket, three stocks, including real estate developers NVL and VIC and brewery SAB, ended in the red, while the remaining stocks gained ground.
Many bank stocks such as BID, CTG, TCB, TPB, STB and HDB advanced over 1%, while lender ACB reported the largest increase of 2.7%.
The group of securities stocks was among major contributors to the main index, with SSI surging by 5.1% and reporting a matching volume of over 22.8 million shares. Other best performers were HCM and VCI.
Several fertilizer stocks traded actively on the southern market, with DCM and DPM seeing over eight million shares change hands.
The Hanoi Stock Exchange made positive movements as the HNX-Index gained 5.22 points, or 1.6%, from the session earlier, at 330.68. Trade volume totaled 136.7 million shares worth VND3.4 trillion.
Many securities stocks continued their upward spiral, with VND, ART and BVS improving by over 3%. SHS, MBS and BSI made a strong rise of over 5%, while VND and SHS were among the most actively traded stocks and reported a matching volume of over 10 million shares each.
Other key supporters of the northern bourse were some large-cap stocks, including lender SHB, agricultural firm PAN, industrial development firm IDC and stone processor VCS.
