Shares advance on strong buying force

Thursday, Jun 03, 2021 08:00

A trading session at SSI Securities Corp (SSI). SSI soared 5.3 per cent Wednesday. — Photo courtesy of SSI

Share finished higher on Wednesday as investors rushed to buy low-valued shares hit during the previous sessions, pushing up stock indices.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index gained slightly 0.22 per cent, to 1,340.78 points.

The market breadth was positive with 228 stocks climbing, while 187 stocks fell and 49 ended flat.

The liquidity was also high as local investors poured nearly VND26.1 trillion (US$1.1 million) into the southern market, equivalent to a trading volume of over 805.2 million shares.

Among the most notable gainers were SSI Securities Co (SSI) rising 5.3 per cent, PetroVietnam Gas JSC (GAS) advancing over 4 per cent, Novaland (NVL) and Vietcombank (VCB) both rising 2 per cent.

Mobile World Group (MWG), Phat Dat Real Estate (PDR), Thanh Thanh Cong Bien Hoa JSC (SBT) and VPBank (VPB) also made strong gains.

On the other side, Hoa Phat Group (HPG), Vingroup (VIC) and Vincom Retail (VRE) all fell over 2 per cent. FPT Corporation (FPT), PVPower (POW), Tien Phong Bank (TPB), Bank for Investment and Development of Vietnam (BID), Masan Group (MSN) and Vietinbank (CTG) all fell over 1 per cent.

“VN-Index spent most of the time in a downtrend but rebounded slightly at the end of the session and has surpassed the threshold of 1,340 points,” said BIDV Securities Co.

“Investment cash flow increased slightly. Meanwhile, foreign investors were net sellers on both HoSE and HNX. According to our assessment, VN-Index may continue to fluctuate in the coming sessions,” it said.

The VN30-Index, which tracks the 30 biggest stocks on HoSE, declined 0.72 per cent higher to finish Wednesday at 1,478.85 points.

Of the VN30 basket, 13 stocks increased while 15 dropped.

Foreign investors net sold VND1.2 trillion on HOSE, including Hoa Phat Group (HPG) (VND956.7 billion), Vingroup (VIC) (VND180.2 billion) and Novaland (NVL) (VND73.5 billion).

They were net sellers on the HNX with a value of VND53.85 billion.

On Ha Noi Stock Exchange (HNX), the HNX-Index rose 1.12 per cent to close Wednesday at 322.05 points.

During the session, nearly 182.4 million shares were traded on the northern market, worth over VND4.4 trillion.

According to data from the Securities Depository Center (VSD), the number of new accounts opened by domestic individual investors in May reached 113,543, an increase of 3.2 per cent compared to April.

This is the third month in a row witnessing more than 100,000 new accounts opened by domestic individual investors.

The number of new accounts opened by domestic institutional investors also increased with 131, compared to 123 in April.

In the first five months of the year, domestic individual investors opened 479,857 new securities accounts, an increase of 22 per cent compared to 2020.

As of May 31, the total number of securities accounts of domestic investors reached more than 3.2 million, an increase of 113,674 accounts compared to the previous month. — VNS

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