Around 47.3 million shares of STB, or 4.7% of the bank’s outstanding shares, were traded in put-through transactions while there were nearly 6.6 million shares of EIB traded in blocks. With put-through deals on Wednesday taken into account, over 25 million EIB shares had changed hands in blocks.
Block deals in total accounted for 65% of Thursday’s turnover of VND1.8 trillion on HOSE.
Speculation on property stocks gave the VN-Index a slight boost, sending the index up 1.15 points, or 0.24%, against the previous day to close at 486.22.
Many property tickers advanced strongly, of which NTL, ITC, LCG, DIG and TDH closed nearly at the limit-up with volumes two to four times higher than their daily average. But as a group, the sector gained only 0.5% as the dominant VIC closed flat.
Viet Capital Securities Company (VCSC) said real stocks jumped as investors were still awaiting the official introduction of the low-income housing loan package totaling VND30 trillion, which might be unveiled in the next several days by a government official.
“In relation to the rally of property stocks this week, we think there is more than one piece of positive news to support,” VCSC said in its on Thursday’s comment.
The deposit rate cuts by several State-owned banks on Wednesday and Military Bank on Thursday had apparently triggered fresh hopes that lending rates, including those for the real estate sector, could soon be adjusted down. In addition, there is speculation that the VAMC (Vietnam asset management company) plan and the VND30-trillion financing scheme to support the social and affordable housing program would be released this week.
But probably, most important of all, listed property tickers have lost 11.5% on HOSE and 25.9% on the northern exchange since February 20, right before both markets tumbled on false rumors. Over the same period, the VN-Index has lost just 1.74%. In other words, there is news to support the property sector, realty stocks are playing a catch-up, the broker added.
The Hanoi market regained some ground with turnover moving up to VND261 billion. The HNX-Index advanced 0.56 point, or 0.93%, from the session earlier, and ended the day at 60.64.