Shares gain on financial stocks and heavy-weights

Wednesday, Jun 30, 2021 06:47

Transactions at Sacombank (STB). STB rose 2.7 per cent on Tuesday. — VNA/VNS Photo

Vietnamese stock markets ended Tuesday on a positive note, largely led by gains in financial shares and heavy-weight stocks.

On the Ho Chi Minh Stock Exchange, the VN-Index increased 0.30 per cent to close at 1,410.04 points.

It had risen 1.13 per cent to close Monday at 1,405.81 points.

More than 647 million shares worth VND21.3 trillion ($295.2 million) were traded on the southern exchange on Tuesday.

The VN30 which tracks the top 30 largest shares by market value and liquidity successfully reached a new milestone of 1,529.97 points as half of the stocks in the basket gained value.

Bank stocks led the market's trend, with gainers including Sacombank (STB), Vietinbank (CTG), Tien Phong Bank (TPB), Bank for Investment and Development (BID), VPBank (VPB), MBBank (MBB), Asia Commercial Bank (ACB) and Vietnam International Commercial Joint Stock Bank (VIB).

Pillar stocks rose strongly, such as Vinhomes (VHM), increasing by 2.6 per cent to VND118,500 per share, Vinamilk (VNM) rising by 2.2 per cent to VND91,200 per share, Vietjet (VJC) gaining by 2.3 per cent to VND118,200 per share, Vingroup (VIC) increasing by 1.7 per cent to VND118,700 per share.

“VN-Index was in uptrend for most of the trading time and closed above 1,410 points. Investment cash flow declined while foreign investors were net buyers on the HoSE and net sellers on the HNX,” said BIDV Securities Co.

“Market breadth turned negative with liquidity dropping compared to the previous session. According to our assessment, VN-Index may have a slight correction in the next sessions to retest the area around 1,400 points,” it said.

Foreign investors net bought VND40.18 billion on HOSE, including Vinhomes (VHM) with VND165.2 billion, Vinamilk (VNM) with VND94 billion and Vietcombank (VCB) with VND92.4 billion. They were net sellers on the HNX with a value of VND12.48 billion.

On a sector basis, 11 out of 25 sectors gained ground, including real estate, securities, information and technology, retail, banking, agriculture, food and beverage, seafood and logistics.

On the opposite side, losers were wholesale, insurance, healthcare, oil and gas, rubber production, construction materials and construction.

On the Ha Noi Stock Exchange, the HNX-Index advanced 0.21 per cent to close Tuesday at 323.79 points

It had gained 1.53 per cent to close Monday at 323.10 points.

More than 132 million shares worth VND3.2 trillion were traded in the northern market. — VNS

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