'Vin' stocks and large-caps push market

Thursday, May 21, 2020 12:15

Customers in a shopping mall of Vincom Retail (VRE), the retail arm of the real estate conglomerate Vingroup. VRE increased by 6.6 per cent on Thursday morning. — Photo Vingroup

Shares extended gains to four days in a row on the growth of stocks in the “Vin” family and on the strength of a handful of other large-caps.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.57 per cent to close morning trading at 857.73 points.

The benchmark VN-Index had risen 3.7 per cent in the last four days.

More than 172.9 million shares were traded on the southern exchange, worth VND2.7 trillion (US$116.1 million).

Market breadth was positive as gainers outnumbered decliners by 175 to 164.

The large-cap tracker VN30-Index increased 0.21 per cent to close Thursday morning at 804.98 points.

In the VN30 basket, 16 of the 30 largest stocks by market capitalisation and trading liquidity increased. Nine lost ground and five were unchanged.

Stocks in the VN-30 basket varied largely. Phú Nhuận Jewellery (PNJ) decreased by 1.2 per cent to VNĐ63,200 per share, Vincom Retail (VRE) slumped by 1.1 per cent to VNĐ26,250 per share. Meanwhile, Sabeco (SAB) increased by 2.2 per cent to VNĐ176,300 per share, Vietinbank (CTG) rose by 1.3 per cent and Bank for Investment and Development (BID) grew by 1.3 per cent.

Members of the “Vin” family saw large gains this morning, Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE) all rose, notably VRE increased by 6.6 per cent and VHM climbed by 5.3 per cent, boosting the overall uptrend of the market.

The HNX-Index on the Ha Noi Stock Exchange slumped 1.61 per cent to close Thursday morning at 105.22 points.

The northern market index had slumped 1.73 per cent to close Wednesday at 106.94 points.

Nearly 30.2 million shares were traded on the northern bourse, worth VND298.3 billion. — VNS

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