Shares finish higher as large-caps gain points

Saturday, Oct 09, 2021 04:49

Workers of technology company FPT Corporation (FPT). FPT rose 4.9 per cent on Friday.— Photo courtesy of FPT

The market finished higher in the last trading session of the week as large-cap stocks gained points, while foreign investors net sold large values on both exchanges.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index climbed 0.49 per cent to 1,372.73 points.

It had rose 0.23 per cent, to close Thursday at 1,365.99 points.

The market breadth was negative as 187 stocks rose while 221 stocks fell.

During the session, local investors poured over VND18 trillion (US$791 million) into the southern bourse, equivalent to a trading volume of more than 633 million shares.

“The slight rally in today's session helped the market surpass 1,370 points,” said BIDV Securities Co.

“Declining market liquidity and negative market breadth implied cautious trading sentiment. Meanwhile, foreign investors were net sellers on both HoSE and HNX.

“With the cash flow weakening before the resistance area of 1,370-1,380 points, VN-Index may see a correction next week and continue to consolidate in the range of 1,350-1,380 points,” it said.

Foreign investors net sold VND130.76 billion on HOSE, including Hoa Phat Group (HPG) with VND75.4 billion, Vinamilk (VNM) with VND56.5 billion, PAN Group (PAN) with VND32.3 billion. Foreign investors were net sellers on HNX with the value of VND4.47 billion.

The gains in pillar stocks were the main driving force for the market. The VN30-Index rose 0.94 per cent to close Friday’s trade at 1,476.54 points.

Twenty-four of the 30 biggest stocks in the VN30 basket inched higher on Friday while six stocks declined.

In the VN-30 basket, FPT Corporation (FPT) led the uptrend with an increase of over 4 per cent. Khang Dien House (KDH), Masan group (MSN), Phu Nhuan Jewelry (PNJ) and Sabeco (SAB) all gained over 2 per cent, meanwhile Phat Dat Real Estate (PDR), Techcombank (TCB), PetroVietnam Gas (GAS) and HDBank (HDB) all surpassed 1 per cent.

On the other side, losers included PV Power (POW), The Viet Nam Rubber Group (GVR), Bao Viet Holdings (BVH), Vincom Retail (VRE), Viet Nam National Petroleum Group (PLX) and Vinhomes (VHM).

On the Ha Noi Stock Exchange (HNX), the HNX-Index edged 0.41 per cent higher to 371.92 points.

During the session, nearly 94 million shares were traded on the northern bourse, worth nearly VND1.8 trillion. VNS

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