Shares start week on a positive note
The stock market settled up on Monday, boosted by positive sentiment and inflows of foreign capital. But the divergence trend still prevailed so the index fluctuated in a narrow range.
The stock market settled up on Monday, boosted by positive sentiment and inflows of foreign capital. But the divergence trend still prevailed so the index fluctuated in a narrow range.
The market’s benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) ended the day at 1,066.68 points, an increase of 0.61 per cent.
The breadth of the market stayed in negative territory, with more stocks losing points. Specifically, 175 stocks advanced on the southern bourse, while 215 stocks inched lower.
Investors poured nearly VND9.4 trillion (US$401 million) into the southern exchange, down 24 per cent over the previous session.
The VN30-Index, which tracks the 30 biggest stocks on HoSE, also increased by 0.55 per cent, to 1,075.71 points.
Fifteen stocks in the VN30 basket witnessed positive performance on the trading day, while 13 tumbled. And two stocks stayed unchanged.
Foreign investors also supported the market as they kept pouring capital into the southern exchange. They net bought VND227 billion on HoSE. But they net sold VND1.5 billion on HNX.
Banking stocks performed positively and bolstered the increase of the market with gainers including Military Bank (MBB), Techcombank (TCB), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB), Saigon-Hanoi Commercial JS Bank (SHB), Tien Phong Bank (TPB) and Vietcombank (VCB).
Notably, Bank for Investment and Development of Viet Nam hit the daily limit gain of 7 per cent.
Other pillars in the VN-30 basket also gained including Hoa Phat Group (HPG), the Viet Nam Rubber Group (GVR), SSI Securities Inc (SSI), Sabeco (SAB), Khang Dien House (KDH) and FPT Corporation (FPT).
Meanwhile, some other pillars still put pressure on the market such as Vingroup (VIC), Vincom Retail (VRE), Masan Group (MSN), Vinhomes (VHM), Novaland (NVL), Vietjet (VJC), Vinamilk (VNM), Mobile World Group (MWG) and Bao Viet Holdings (BVH).
Statistics showed that the banking, manufacturing, utilities, and real estate industries led the market’s rallies.
On the Ha Noi Stock Exchange (HNX), the HNX-Index moved down. The northern market’s benchmark closed at 210.88 points, a decline of 0.18 per cent.
During the session, nearly 36.8 million shares were traded on HNX, worth VND544 billion. — VNS
