Shares recover on large-cap stocks
Shares recovered in the last trading session of the week on improved liquidity as cash flow came back to support large-cap stocks.
Shares recovered in the last trading session of the week on improved liquidity as cash flow came back to support large-cap stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) increased by 0.3 per cent, to 1,357.05 points. The market breadth was neutral as 205 stocks climbed while 166 declined.
The southern index had decreased by 0.35 per cent, to close Thursday at 1,353.05 points.
More than 744 million shares were traded on the southern exchange, worth VND24.6 trillion (US$1 billion).
The VN30-Index, which tracks the 30 biggest stocks in market capitalisation on the southern market, gained 0.49 per cent to 1,484.25 points.
Of the VN30 basket, 12 stocks jumped while 15 slid, and three stayed unchanged.
The most notable gainers in the VN-30 basket were Khang Dien House (KDH), rising 3 per cent, VPBank (VPB), Vinhomes (VHM) and SSI Securities Inc (SSI) all gaining 2 per cent, the Viet Nam Rubber Group (GVR) and FPT Corporation (FPT) gaining more than 1 per cent.
In contrast, PetroVietnam Gas JSC (GAS), Bao Viet Holdings (BVH) and Phat Dat Real Estate (PDR) all dropped more than 1 per cent.
If in the morning session, most banking stocks lost ground, they reversed to rebound towards the end of the afternoon session as the demand increased strongly, with gainers such as Techcombank (TCB), Military Bank (MBB), Asia Commercial Bank (ACB), Sacombank (STB) and Lien Viet Post Bank (LPB).
Fertiliser and shipping and seaport stocks also outperformed.
Notably, Petro Viet Nam Ca Mau Fertiliser JSC (DCM) and Petrovietnam Fertilizer & Chemicals Corporation (DPM) reached the ceiling prices.
In the shipping and seaport group, Southern Logistics JSC (STG) and Viet Nam Ocean Shipping (VOS) both hit the ceiling prices, Tan Cang Logistic JSC (TCL) increased by 1.8 per cent, Gemadept Corporation (GMD) rose by 4 per cent.
On a sector basis, 16 out of 25 sector indices on the market made gains, including real estate, securities, IT, retail, healthcare, banking, rubber production, seafood production, logistics, construction and construction materials.
The losers were wholesale, insurance, oil and gas, and agriculture.
The HNX-Index on the Ha Noi Stock Exchange (HNX) also rose 0.79 per cent to 336.96 points.
The index had lost 0.36 per cent to close Thursday at 334.33 points.
More than 152 million shares were traded on the northern exchange, worth VND3.6 trillion. — VNS
