Shares rebound but liquidity remains low

Wednesday, Jul 13, 2022 06:46

A facility of PetroVietnam Gas JSC (GAS). GAS gained 4.3 per cent Tuesday. — VNA/VNS Photo

Vietnamese markets rebounded Tuesday thanks to the recovery of pillar stocks but liquidity remained low on cautious investor sentiment.

On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index gained 1.69 per cent to end at 1,174.82 points.

It had dropped 1.69 per cent to end Monday at 1,151.50 points.

The market's breadth was positive with 362 gainers and 97 losers.

Liquidity remained low with 525.1 million shares traded on the southern bourse, worth nearly VND10.7 trillion (US$457.4 million).

The VN30-Index, tracking the 30 biggest stocks on HoSE, increased 0.86 per cent, to end at 1,219.44 points. Twenty-two out of 30 stocks in the VN30 basket posted gains, while seven decreased.

In the VN-30 basket, gainers included Bao Viet Holdings (BVH), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), Hoa Phat Group (HPG), Novaland (NVL) and Viet Nam National Petroleum Group (PLX).

Banking stocks also attracted cash flow with gainers including Military Bank (MBB), Techcombank (TCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB) and Tien Phong Bank (TPB).

Stocks in the real estate group attracted money with many strong gainers during the session. They included Kinh Bac Corporation (KBC), Ha Do Group (HDG), Hoa Binh Corporation (HBC), HCM City Infrastructure Investment JSC (CII), Khang Dien House (KDH), Nam Long Group (NLG), Investment and Construction Development Joint Stock Corporation (DIG), Licogi 14 JSC (L14), C.E.O Group JSC (CEO), Tan Tao Investment and Industry Corporation (ITA), Phat Dat Real Estate (PDR) and Khang Dien House (KDH).

All 25 sector indices on the stock market posted gains, including retail, wholesale, real estate, oil and gas, construction, seafood production, and agriculture, securities, insurance, IT, banking, healthcare, food and beverage, rubber production, construction materials and logistics.

On the Ha Noi Stock Exchange (HNX), the HNX-Index gained 1.83 per cent, to end Tuesday at 281.99 points.

During the session, investors poured over VND1.2 trillion into the market, equivalent to a trading volume of 58.3 million shares. — VNS

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