Shares gain on bottom purchases

Saturday, Oct 23, 2021 06:59

Welcome gate of Khang Dien House Trading and Investment JSC (KDH)'s Melosa Garden project in District 9, HCM City. Shares of Khang Dien House rose 1 per cent. — Photo courtesy of Khang Dien House

Vietnamese shares recovered on Friday as the sharp fall from the previous sessions sent stocks down to attractive prices, thus triggering investors to buy in low.

The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 0.32 per cent, to finish Friday at 1,389.24 points.

It had lost 0.65 per cent to close Thursday at 1,384.77 points.

The market breadth was neutral as 216 stocks declined while 217 rose and 51 ended flat.

The market’s liquidity was high with nearly 798 million shares traded on the southern market, worth VND21.6 trillion (US$949 million).

The 30 biggest stocks tracker, VN30-Index, lost 0.04 per cent to finish at 1,488.71 points.

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

In the VN-30 group, The Viet Nam Rubber Group (GVR) and Sabeco (SAB) gained more than 3 per cent. Phat Dat Real estate (PDR) posted an increase of over 2 per cent, Vinamilk (VNM), Khang Dien House (KDH), Novaland (NVL) and Phu Nhuan Jewellery (PNJ) all surpassed 1 per cent.

Real estate stocks were strong supporters of the market. Many stocks hit the daily limit gain of 7 per cent, such as Song Da 1.01 Joint Stock Company (SJC), Ha Tay Trading Joint Stock Company (HTT), PVC Petro Capital & Infrastructure Investment JSC (PTL), Sai Gon Thuong Tin Real Estate JSC (SCR), Licogi 16 Joint Stock Company (LCG), VRC Real Estate and Investment JSC (VRC) and Thu Duc Housing Development Corporation (TDH).

Nam Long Group (NLG), HDL Commercial and Investment JSC (HLD) gained more than 6 per cent. An Gia Real Estate Investment and Development Corporation (AGG), COMA 18 Joint Stock Company (CIG) and Louis Land JSC (BII) all gained more than 5 per cent.

On a sector basis, 15 out of 25 sector indices on the market gained ground, including real estate, insurance, retail, oil and gas, agriculture, rubber production, food and beverage, seafood processing and construction.

On the other side, losers were wholesale, securities, information and technology, healthcare, banking and logistics.

Meanwhile, on the Ha Noi Stock Exchange (HNX), the HNX-Index rose 0.71 per cent to close at 391.21 points.

The northern market index had gained 0.04 per cent to close Thursday at 388.45 points.

During the session, nearly 152 million shares were traded on HNX, worth VND2.9 trillion. — VNS

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