STOCKS MAKE STRONG GAINS

High-flying bluechips and strong cash flow helped the VN-Index of the Hochiminh Stock Exchange end up 0.94% today, November 2.

At the close, the main index jumped by 13.49 points over the day earlier, at 1,452.46, with the number of gainers doubling that of losers by 302 to 151. Trading volume and value on bourse slid 11% and 14% against the previous session, at over one billion shares and VND28.8 trillion, respectively. There were over 37.3 million shares worth VND1.8 trillion traded in block deals.

Among bluechips, rubber group GVR shot up to the ceiling price and reported a matching volume of 8.5 million shares.

Other good performers were jewelry firm PNJ, real estate stocks KDH and PDR, securities firms VIX, AGR and SSI and brewery stock SAB.

In the group of bank stocks, MBB, VPB and TCB closed at the reference price, while the remainder gained steam, with ACB improving 1.4%.

Many small and medium stocks in the real estate and construction sectors were cash magnets, with IDI, IJC, DIG, ICT, SJS, DC4, NLG, SAM, EVG, TCD, D2D and SGR hitting their upper limits.

Real estate firm LDG closed at the ceiling price and became the most actively traded stock on the southern market with over 29 million shares changing hands, followed by property developer FLC with a matching volume of 27.9 million shares.

The HNX-Index of the Hanoi Stock Exchange continued its upward spiral to close the day up 8.57 points, or 2.06%, against the session earlier, at 424.11.

Many securities firms such as SHS, ART, MBS, BVS and APS made strong gains, while real estate stocks HHG, PVC, S99, KSQ and PVL ended at the ceiling prices.

Fuel stock PVS took the lead by liquidity with 12.7 million shares transacted and advanced 3.1%.

Source: The Saigon Times