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Wednesday, December 1, 2021

Small and mid-cap stocks hit ceiling prices

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HCMC – As strong selling dragged the VN-Index of the HCMC market down to the 1,180-point level this afternoon, January 14, investors started bottom fishing with a focus on small and mid-cap stocks, enabling the index to improve slightly at the close.

With 258 stocks advancing and 173 others falling, the benchmark index added 1.35 points, or 0.11% versus the session earlier at 1,187.4. Trading volume on the southern bourse contracted nearly 5% at over 779 million shares while value dropped 6% at over VND17 trillion, including some VND1.7 trillion worth of shares traded in block deals.

As investors poured a huge amount of cash into small and medium stocks, many of them hit their highest levels of the day, such as construction firm ROS and realty company HQC. ROS led the southern bourse by liquidity with 47.2 million shares changing hands and HQC ranked second with 33.1 million shares transacted.

Other speculative stocks that hit their daily ceiling prices included KBC, VOS, PET, VPI, AGR and BSI. Meanwhile, FLC, DLG, PVD, DXG, HCM and VND closed in positive territory, with matching volume ranging from 2 million and 25.33 million shares. Some others declined, such as HSG, AMD, SCR, HBC and TTF.

In the group of bluechips, several stocks staged outstanding performance with brokerage SSI soaring 5.5%, lender VPB expanding 3.1%, and financial investment company TCH  surging 6.4%. Lenders CTG, TCB and MBB, and mobile phone retailer MWG rose around 1.5%.

The remaining bluechips faced slight falls. They were lender VCB, real estate developer VIC and its housing affiliate VHM, steelmaker HPG, and dairy firm VNM.

As for the Hanoi market, the HNX-Index closed the session down 0.22%, or 0.1% against Wednesday at 222.27, with 60 winners and 61 losers.

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