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Strong cash flow drives VN-Index up
Monday,  5/10/2021, 18:21 

Strong cash flow drives VN-Index up

The Saigon Times

Hochiminh City Securities Corporation’s employees monitor stock prices. The VN-Index of the Hochiminh Stock Exchange ends today, May 10, at its intra-day high - PHOTO: THANH HOA

HCMC – The strong cash flow into bank, securities, steel and petroleum stocks helped the VN-Index of the Hochiminh Stock Exchange add 17.77 points, or 1.43%, to close at its intra-day high at 1,259.58 points today, May 10.

The southern market saw over 773 million shares worth more than VND23.1 trillion change hands, down 1.28% in volume but up 3.18% in value against the session earlier. Some 41 million shares were traded in block deals with the total value of nearly VND1.5 trillion.

Lender TPB was one of the brightest spots of the market as it surged 6.9% to its highest price of the day, at VND31,100, with 14.13 million shares transacted.

In addition, MBB, another lender, soared 5.1% at VND33,200 with nearly 36.4 million shares traded. HDB, CTG, ACB and TCB also picked up from 2.2% to 2.8% each.

STB led the bourse in terms of liquidity with nearly 41.5 million shares changing hands.

Securities stocks also extended their growth. Of which, SSI rocketed 6.1% at VND34,700 and witnessed 22.72 million shares matched.

HCM, CTS and BSI also jumped 6.8%, 5.1% and 8.6%, respectively. VCI and FTS rose to their ceiling prices.

Steel stocks, such as HSG, POM, NKG, TLH and VIS, also hit their ceiling prices. Meanwhile, HPG increased 3.6% at VND63,000.

Petroleum stocks were not outsiders to the trend. Specifically, GAS added 2.4% to its highest level of the day, at VND86,000, while PLX gained 5.1%.

Meanwhile, real estate developer NVL, after eight consecutive increasing sessions, tumbled 5.4% to its lowest level of the day, at VND128,500, due to the strong profit-taking pressure. It reported the sharpest decline among the stocks in the VN30 basket.

On the Hanoi Stock Exchange, the HNX-Index maintained its stable growth momentum thanks to the positive trading of securities stocks and ended at 280.27 points, up 0.41 points or 0.15% over the session earlier.

There were 109.9 million shares worth nearly VND2.2 trillion changing hands.

Among the securities stocks, MBS surged 9.9% to its ceiling price of VND25,500. SHS, VND and VDS posed an increase of over 5% each.

Meanwhile, lender SHB lost 2% at VND24,000 but it was the most actively traded stock on the northern bourse with more than 14 million shares transacted.

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