Seven property stocks among 10 worst performers on HCMC bourse

Real estate stocks on the Ho Chi Minh Stock Exchange (HoSE) had a bad time during the last trading week from December 19-23, accounting for seven out of the 10 worst performers.

They included HPX of Hai Phat Invest, down 19.69%; DRH of DRH Holdings 18.51%; TLD of Thang Long Urban Development and Construction Investment JSC 18.03%; SZC of Sonadezi Chau Duc JSC 17.1%; LDG of Long Dien Group 17.06%; NVL of Novaland Group 17.03%; and DIG of DIG Corp 16.58%.

The biggest loser on the HoSE was IBC of Apax Holdings, with a fall of 29.92%. This ticker hit its floor price for 24 consecutive sessions in the period from November 22 to December 23, with a market price plunge of more than 80.6%.

Meanwhile, THI of Electrical Equipment JSC was the biggest gainer on the major bourse with an increase of 21.98%, followed by VRC of VRC Real Estate and Investment JSC (19.45%), EVF of EVN Finance (15.17%), and DHA of Hoa An JSC (11.28%).

On the Hanoi Stock Exchange (HNX), the biggest gainer was PTI of the Post - Telecommunication Insurance Joint Stock Corporation, soaring nearly 94% after nine consecutive gaining sessions since December 12.

Other good performers on the northern bourse included TSB of Tia Sang Battery JSC, increasing 31.43%; VHL of Viglacera Ha Long JSC 29.78%; PSD of Petroleum General Distribution Services JSC 20.98%; and CAN of Halong Canfoco 20.84%.

On the contrary, the biggest losers on the HNX were L43 of Licogi 43 (down 24.29%), APS of Asia-Pacific Securities (21.62%), L18 of Licogi 18 (21.49%), and BKC of Bac Kan Mineral JSC (21.25%).

Closing the December 19-23 trading week, the VN-Index, which represents the HoSE, dropped 32.14 points or 3.1% to 1,020.34. The HNX-Index on the Hanoi bourse fell 7.69 points or 3.6% to 205.3.

Trading value on the HoSE decreased by 1.8% from the previous week to VND69.8 trillion ($2.96 billion), equivalent to a 1.4% rise in trading volume, for 4,012 million shares.

Meanwhile, the HNX saw its trading volume and value dropping 9.7% and 9.5% to 449 million shares and VND6.245 trillion ($264.78 million), respectively

Foreign investors recorded the seventh consecutive week of net stock purchasing on Vietnam's stock market this week, with a total value of over VND1.343 trillion ($57 million).