Market continues to rally on large-cap stocks

Tuesday, May 11, 2021 12:05

Shares rose on Tuesday as stocks in banking and material sectors supported the market.

The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 0.45 per cent to 1,265.31 points. The market breadth was positive as 261 stocks climbed while 159 stocks declined.

However, the market's liquidity was lower than yesterday with over 442.5 million shares being traded on the southern bourse, worth nearly VND12.83 trillion.

The market's rally was boosted by gains in large-cap stocks. The VN30-Index posted an increase of 0.18 per cent this morning to 1,373.19 points.

Of the 30 biggest stocks in HoSE, 16 stocks rose while 13 slid.

Bank and material stocks were still the driving forces for the market's trend.

Of the top five stocks influencing the market, three stocks were from the banking sector including JSC Bank For Investment and Development of Vietnam (BID), Vietnam International Commercial Joint Stock Bank (VIB) and Vietcombank (VCB), and two stocks from the material sector including Vietnam Rubber Group (GVR) and Masan Group (MSN).

But the gain was capped by losses in the real estate and construction sector. Vingroup JSC (VIC) witnessed the biggest lose in market capitalisation, down 0.83 per cent.

On the Ha Noi Stock Exchange (HNX), the HNX-Index also inched higher in the morning session, up 0.41 per cent to 281.43 points. The HNX30-Index increased by 0.7 per cent to 421.39 points. VNS

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