Local stocks fly high on strong cash flow The Saigon Times A person monitors stock prices on a smartphone and a laptop. Both VN-Index and HNX-Index hit their intra-day highs today, August 3 – PHOTO: NDO HCMC – As strong cash flow was channeled into the local market, local stocks rose, sending the VN-Index of the Hochiminh Stock Exchange to its intra-day high today, August 3. With advancing stocks outnumbering declining ones by 243 to 140, the benchmark index gained 18.22 points, or 1.39%, at 1,332.44 points. Market turnover on the southern bourse improved over 5% in volume and 9% in value over the session earlier at more than 647 million shares and nearly VND21.5 trillion, including 29 million shares worth some VND1.3 trillion transacted in block deals. Bank stocks overperformed on the market. They surged during the last 45 minutes of the afternoon session, though some of them, such as CTG, BID and ACB, plunged at the beginning of the session. The VN-Index rise was also thanks to the increase of 26 stocks in the VN30 basket. In the basket, only two stocks dropped, while two others closed unchanged. In addition, Vingroup's stocks posted a positive growth given the… Read full this story
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