Shares gain for fourth session thanks to large-caps

Saturday, Mar 25, 2023 07:02

A construction site of Phat Dat Real Estate Development Joint Stock Company (PDR). PDR rose 2.9 per cent on Friday. VNA/VNS Photo

Shares gained for a fourth straight session on Friday thanks to the sharp rise of large-caps in the securities and real estate group, supporting the overall market.

On the Ho Chi Minh Stock Exchange, the VN-Index rose 0.16 per cent to close Friday at 1,046.79 points. The index had risen 2.3 per cent in the last four days.

Market breadth was positive with 265 rising stocks and 122 losing ones.

Nearly 580 million shares worth VND9.4 trillion (US$399.7 million) were traded on HCM City’s bourse.

The VN-30 Index, tracking the 30 biggest stocks on HoSE, gained 0.46 per cent to close at 1,051.42 points.

In the VN-30 basket, 19 stocks gained while ten lost ground. The biggest gainers included the Vietnam Rubber Group (GVR), SSI Securities Inc (SSI), PV Power (POW), Mobile World Group (MWG), Vietjet (VJC), Vingroup (VIC), HDBank (HDB) and Vinhomes (VHM).

As many as 19 out of 25 industries tracked by gained value, of which oil and gas companies were the biggest gainers with an average growth of 1.96 per cent.

Other sectors such as insurance, oil, retail, wholesale, retail, agriculture, rubber production, logistics, real estate, seafood processing and plastics manufacturing also gained substantially.

Energy stocks performed positively with gainers such as PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling and Well Services Corporation (PVD), and Drilling Mud Joint Stock Corporation (PVC).

Real estate and construction stocks witnessed a dramatic rise in prices as a series of large-cap stocks soared such as Phat Dat Real Estate (PDR), Kinh Bac City Development Holding Corporation (KBC), Ha Do Group JSC (HDG), Nam Long Group (NLG), Hoa Binh Construction Group Joint Stock Company (HBC) and Viglacera Corporation - JSC (VGC), LDG Investment JSC (LDG), Tan Tao Investment and Industry Corporation (ITA), Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC), Thu Duc Housing Development Corporation (TDH), Van Phat Hung Corporation (VPH), Licogi 16 Joint Stock Company (LCG) and FECON CORPORATION (FCN).

Securities stocks also increased at the end of the session, namely SSI Securities Inc (SSI), Viet Capital Inc (VCI), Asia - Pacific Securities Joint Stock Company (APS), Viet Nam Bank For Industry & Trade Securities JSC (CTS), VNDirect Securities Co (VND), Bank for Invesment & Development of Vietnam Securities Company (BSI) and VIX Securities Joint Stock Company (VIX).

On the Ha Noi Stock Exchange, the HNX-Index rose 1.18 per cent to end at 205.72 points. — VNS

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