VN-Index edges close to 1,200 points

Friday, Jun 24, 2022 12:29

Shares were mixed on Friday morning, with the market benchmark VN-Index rising slightly as some large-cap stocks faced correction.

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 4.46 points, or 0.38 per cent, to 1,193.34 points.

The market's breadth was positive, while liquidity was up compared to the previous session but remained at low levels. Accordingly, the matching value on the southern bourse climbed by 9 per cent to more than VND4.8 trillion (US$207.5 million).

However, foreign investors were net sellers this morning after net selling a value of VND101 billion on the market.

The index extend rallies, but strong gains in the previous trade triggered some profit-taking activities in pillar stocks, especially in energy and real estate stocks.

The VN30-Index, tracking the 30 biggest stocks on HoSE, advanced 2.7 points, or 0.22 per cent, to 1,243.28 points. In the VN30 basket, 19 stocks inched up, while nine declined and two stayed unchanged.

BIDV (BID) led the market's uptrend this morning, up 3.87 per cent. It was followed by manufacturing stocks, including Vinamilk (VNM) and Vietnam Rubber Group (GVR), up 2.12 and 2.2 per cent, respectively.

Meanwhile, energy and real estate stocks dominated the downside risk. Of which, PV Gas (GAS) posting the greatest loss, down nearly 2 per cent.

Other stocks under selling pressure were PV Power (POW), Vingroup (VIC), Becamex (BCM), Novaland (NVL), Masan Group (MSN) and Mobile World Investment Corporation (MWG).

On the Ha Noi Stock Exchange (HNX), the HNX-Index ended lower on the morning trade, with a fall of 0.09 points, or 0.03 per cent, to 277.09 points. VNS

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