Shares gain on securities stocks

Tuesday, Jun 15, 2021 07:21

An SSI trading office. The brokerage shares gained 5.8 per cent on Monday. — Photo courtesy of SSI

Shares ended Monday on a positive note thanks to the prosperity of financial-securities stocks.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index jumped 9.98 points, or 0.74 per cent, to 1,361.72 points. The market's breadth was neutral with 202 stocks increasing while 184 stocks declined.

The market liquidity was also high as domestic investors poured over VND25.3 trillion (US$1.1 million) into the southern market, equivalent to a trading volume of nearly 775.7 million shares.

The recovery was boosted by gains in large-cap stocks. The VN30-Index edged 0.53 per cent higher to 1,495.51 points. Of the VN30 basket, 21 stocks rose while eight slid and one stayed unchanged.

In the VN-30 group, SSI rose by 5.8 per cent, insurer Bao Viet Holdings (BVH) Phat Dat Real Estate (PDR) advanced over 4 per cent, Vinhomes (VHM) gained more than 3 per cent, and PetroVietnam Gas JSC (GAS) climbed nearly 3 per cent.

On the downside, VPBank (VPB), Novaland (NVL) and HDBank (HDB) were the worst performers, falling more than 1 per cent.

Stocks across all sectors bounced back as investors' risk appetite returned, with bank stocks still the most attractive investments.

Towards the end of the session, the VN-Index's gain was significantly strengthened as securities stocks gained strongly, such as FPT Securities Joint Stock Company (FTS) and Ho Chi Minh City Securities Corporation (HCM), soaring 7 per cent.

Viet Capital Incorporation (VCI), SSI Securities Incorporation (SSI), Agribank Securities Corporation (AGR) and APG Securities Joint Stock Company (APG) hit the daily limit rise of 7 per cent.

Petrovietnam Securities Incorporated (PSI) was the only loser of the group with a decline of 1 per cent.

“VN-Index stayed in uptrend for most of the trading time and is now back to the area above the threshold of 1,360 points,” said BIDV Securities Co.

“Investment cash flow decreased slightly. Meanwhile, foreign investors are still net selling on both HoSE and HNX. Market breadth moved to equilibrium with liquidity not much different from the previous session.

“According to our assessment, VN-Index may appear wobbly when approaching the historical peak area in the next sessions,” it said.

Foreign investors net sold VND80 billion on HOSE, including Kido Group (KDC) with VND150.4 billion and Military Bank (MBB) with VND102.9 billion. They were net sellers on the HNX with a value of VND95.04 billion.

On the Ha Noi Stock Exchange (HNX), the HNX-Index jumped 0.73 per cent to 319.01 points.

During the trading session, nearly 166.3 million shares were traded on the northern bourse, worth over VND4 trillion. — VNS

Comments (0)

Statistic