Shares rebound on banking, mining stocks

Wednesday, Apr 05, 2023 17:12

A facility of Binh Son Refining and Petrochemical Company Limited (BSR). BSR rose 1.2 per cent yesterday. — VNA/VNS Photo

Stocks recovered on Wednesday, bolstered by the growth of the banking and mining stocks groups.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index gained 0.22 per cent to close at 1,080.86 points.

Market breadth was positive with 128 decliners and 250 gainers.

Some 793 million shares were traded on the southern exchange, worth VND12.9 trillion (US$549.7 million).

“The market continued to struggle in the range of 1,075-1,080 today and ended the session at 1,080.86,” said BIDV Securities Co.

“Regarding the transactions of foreign investors, today they were a net buyer on the HoSE and a slight net seller on the HNX. The resistance at 1,080 is quite large, investors should be careful in the next trading sessions.”

Foreign investors net bought VND225.39 billion on HOSE. They were net sellers on HNX with a value of VND29.31 billion.

The VN30-Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, gained 0.14 per cent to reach 1,089.83 points. In the basket, 15 stocks climbed, 5 stayed flat and 10 slid.

Banking stocks gained ground with most of the stocks in the basket rising, including Vietinbank (CTG), Asia Commercial Bank (ACB), Tien Phong Bank (TPB), National Commercial Joint Stock Bank (NVB), Vietcombank (VCB), Military Bank (MBB).

Energy stocks also attracted cash flow with gainers such as Viet Nam National Petroleum Group (PLX), Binh Son Refining and Petrochemical Company Limited (BSR), PV Power (POW), PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling and Well Services Corporation (PVD) and Drilling Mud Joint Stock Corporation (PVC).

On a sector basis, 23 out of 25 sector indices on the stock market gained ground, including oil and gas, banking, wholesale, construction, rubber production, IT and logistics, agriculture, real estate, food and beverage, retail, seafood production, construction materials, securities, and plastic and chemical production.

The HNX-Index on the Ha Noi Stock Exchange (HNX) rose 0.88 per cent to close Wednesday at 212.58 points.

More than 118 million shares were traded on the northern exchange, worth VND1.5 trillion. — VNS

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