Shares finish higher on bottom purchasing

Monday, Oct 31, 2022 17:04

Investors at the exchange floor of SSI Securities Co (SSI) in Ha Noi. SSI gained 2.5 per cent on Monday. — VNA/VNS Photo

The stock market finished higher on Monday as bottom-fishing activities lifted large-cap stocks.

The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) closed the day at 1,027.94 points, an increase of 0.06 per cent.

The market breadth was negative with more stocks decreasing, of which 138 stocks inched higher and 317 reduced.

More than 662 million shares were traded, equivalent to a value of VND11.4 trillion (US$458.7 million).

The 30 biggest stocks tracker VN30-Index posted a loss of 0.26 per cent, to finish Monday at 1,026.84 points. Of the VN30 basket, 13 stock climbed, while 13 declined and four ended flat.

The increasing bottom-fishing demand at the end of the session supported many sectors. Securities stocks ended the session with nine gainers and 11 losers, of which Ho Chi Minh City Securities Corporation (HCM) soared 6.8 per cent, Viet Capital Inc (VCI) increased by 5.22 per cent, VIX Securities Joint Stock Company (VIX) rose by 4.02 per cent, MB Securities (MBS) gained 3.1 per cent, SSI Securities Inc (SSI) increased by 2.52 per cent.

Other industry stocks like fisheries, banking, and utilities also saw positive results in the closing minutes.

On the other hand, the building materials industry was sold the most in the market. In which, Hoa Phat Group (HPG), Hoa Sen Group (HSG) and Nam Kim Group (NKG) suffered massive sell-offs after announcing less positive third-quarter business results. HPG recorded a sudden liquidity of more than 66 million shares, of which foreign investors net sold more than 20 million shares.

On a sector basis, 10 out 25 sector indices on the stock market gained ground, including insurance, securities, information technology, food and beverage, seafood processing and banking.

Losers, meanwhile, were wholesale, construction, logistics, agriculture, real estate, retail, construction materials, rubber production, plastic and chemical production, oil and gas, and healthcare.

The HNX-Index on the Ha Noi Stock Exchange (HNX) ended lower. The northern market index declined 1.54 per cent, to close at 210.43 points.

More than 50.8 million shares were traded on the HNX, worth VND713 billion. — VNS

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