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Stocks advance on high demand
Thursday,  4/29/2021, 18:12 

Stocks advance on high demand

The Saigon Times

Investors watch electronic boards showing stock prices. The benchmark VN-Index picked up 9.84 points, or 0.8%, today, April 29 – PHOTO: TRAN LINH

HCMC – Strong demand for bank stocks and bluechips, coupled with upbeat investor sentiment, sent the VN-Index of the Hochiminh Stock Exchange up to 1,239.39 points today, April 29.

At the close, the benchmark index picked up 9.84 points, or 0.8%, from the session earlier, as the southern bourse saw 220 stocks win and 167 others lose.

Trade volume totaled over 647 million shares worth VND19.3 trillion, up 5% in volume and 25% in value against the previous session. There were over 32.9 million shares valued at VND1.2 trillion traded in block deals.

Lender VPB jumped by 6.4% and reported its record high matching volume of 41.5 million shares, taking the lead on the southern bourse by liquidity.

Other bank stocks MBB, CTG, VCB, BID and HDB were among winners and also attracted strong cash flow.

Many bluechips such as refrigeration electric engineering corporation REE, real estate developer NVL, steelmaker HPG and jewelry firm PNJ were in positive territory and rose by 2.4%-5.1% at the close.

Many stocks in the speculative stock group, including MHC, BCG, and PSH, continued their upward spiral.

Meanwhile, the weak performance of many large-cap stocks dragged the HNX-Index of the Hanoi Stock Exchange down 0.32 points, or 0.11%, against the session earlier, at 281.75.

Lenders SHB and NVB, apparel firm TNG and insurer PVI closed at the reference price. SHB was the most actively traded stock on the northern bourse with over 14.6 million shares changing hands.

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