Large-cap stocks surge, recover VN-Index

The surge of some large-cap stocks on the afternoon of November 26 helped the benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) recover.

The benchmark VN-Index recovered on November 26 thanks to the surge of some large-cap stocks (Photo: VNA)

The benchmark VN-Index recovered on November 26 thanks to the surge of some large-cap stocks (Photo: VNA)

In the VN30 basket, 13 stocks recorded price increases, while 13 others witnessed declines. Notably, the largest ones from market capitalisation posted strong gains. VIC – the highest stock topping this group – rose by 1.5 percent to 100,500 VND per share, while VHM – the second biggest on the list – hiked 1.2 percent to 77,000 VND per share.

VNM, another large-cap stock, rose by 4.3 percent to 123,100 VND per share. The same upward trend was also seen in VRE, HPG, HSG, PNJ, MSN, MWG, and NVL.

Oil and gas stocks dropped sharply in the morning but some of them rebounded in the afternoon, including PVS (up 0.5 percent), BSR (3.4 percent), and OIL (0.7 percent). However, the largest-cap stocks in this sector – GAS and PLX – still ended in red. 

Meanwhile, red also dominated banking stocks, including TPB (down 3.8 percent), VPB (1.6 percent), SHB (1.4 percent), and MBB (0.7 percent).

Liquidity on the November 26 trading session gained slightly from the previous session on November 23, with 151.6 million shares worth over 4 trillion VND (171.5 million USD) traded.

On the HOSE, 142 stocks recorded price hikes, 153 others witnessed decreases, and 48 had their prices unchanged. The VN-Index rose 3.06 points to 921.03 points.

On the Hanoi Stock Exchange, the HNX-Index still fell slightly due to a lack of support, with 54 stocks up, 70 stocks down, and 62 others unchanged. It fell by 0.29 points overall to end up at 103.98 points.

Vietnamplus

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