Tuesday, October 20 2020

VietNamNews

Half of HoSE-listed stocks beat the market despite COVID-19 impact

Update: September, 28/2020 - 06:45

A total of 214 stocks listed on HoSE, or 55 per cent of the total, have still shown good performance despite the local market’s downturn.— Photo vtv.vn

HÀ NỘI — More than half of stocks listed on the Hồ Chí Minh Stock Exchange (HoSE) have enjoyed positive growth since the beginning of the year despite the impact of the COVID-19 pandemic.

The benchmark VN-Index on the HoSE has fallen nearly 5.5 per cent since the beginning of the year and most of its decline has been attributed to the downturn of the global financial markets, which have been ravaged by the COVID-19 pandemic.

A total of 214 stocks listed on HoSE, or 55 per cent of the total, have still shown good performance despite the local market’s downturn.

Of the total, 12 stocks have at least doubled in market value, ndh.vn reported.

Among the 12 best-performing stocks, FLC Mining Investment and Asset Management JSC (GAB) soared 9 times to VNĐ158,500 (US$6.83) per share on Friday.

Other significant gainers include Thăng Long Urban Development and Construction Investment JSC (TLD), Mỹ Châu Printing and Packaging Holdings Company (MCP), and Viễn Đông Investment Development Trading Corporation (VID), which rose between 154 per cent and 259 per cent.

Others include some popular names such as retailer Digiworld Corporation (DGW), Dabaco Group (DBC), Tường An Vegetable Oil JSC (TAC) and confectionery firm Kido (KDC).

Among the 214 stocks that have outperformed the benchmark VN-Index in nine months, 11 stocks have increased by 70-99 per cent, 20 stocks have gained 50-69 per cent, 43 stocks have risen 30-49 per cent, 65 stocks have advanced 10-29 per cent, and 63 stocks have recorded below 10 per cent growth.

Those include 10 large-cap stocks such as lenders Sacombank (STB), Vietinbank (CTG) and VPBank (VPB), which surged 25.9 per cent, 25.6 per cent and 19 per cent, respectively. — VNS

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