Thursday, October 22 2020


Large-caps lift national indices

Update: April, 11/2015 - 08:59
Customers conduct stock transactions at MB Securities. — VNS Photo Truong Vi

HA NOI (VNS)— The national stock market continued its recovery yesterday on both bourses for the second consecutive trading session, as large-cap shares remained the most important factor in boosting the market.

On the HCM City Stock Exchange, the VN-Index went up 0.64 per cent to close at 554.03 points. Of all stocks advancing, codes outnumbered declining stocks by 123 to 85, while 73 others remained flat.

The market's trading volume rose by 10.3 per cent to reach more than 104 million shares, valued at nearly VND2 trillion ($95 million), an increase of 1.72 per cent.

Further, the VN30 Index, tracking the 30 largest codes by market value and liquidity, gained 0.86 per cent to end at 583.34 points.

The thirty largest stocks traded nearly 40 million shares, reaching a remarkable value of VND1.08 trillion ($51.4 million).

In this basket, advancing stocks continued to outnumber declining stocks by 18 to two, while ten remained flat.

Meanwhile, Vingroup (VIC) rose by 3.03 per cent to stand at VND47,500 per share, after the company completed purchasing Viet Nam National Textile and Garment Group (Vinatex)'s stakes in Vinatexmart. As of the end of yesterday, VIC had traded 1.2 million shares.

FLC Group (FLC) was the top active code on the southern market, trading nearly 6.9 million shares at VND10,600, an increase of 0.95 per cent.

Of note, no bank stocks lost market value. Vietinbank (CTG) continued to have the strongest growth, at 1.1 per cent, to stand at VND18,000, while only Military Bank (MBB) remained flat.

On the Ha Noi Stock Exchange, the HNX30 Index increased by 1.05 per cent to finish at 156.73 points. The number of advancing stocks were double the number of declining stocks by 15 to 7, as 8 others remained flat.

Oil stocks had a negative performance on the markets. Only PetroVietnam Coating JSC (PVB) increased by 2.64 per cent to finish at VND35,000. PetroVietnam Northern Gas JSC (PVG) and PetroVietnam Southern Gas JSC (PGS) dropped – 1.16 per cent and 0.99 per cent, respectively.

FIT Investment JSC (FIT) remained the most active code on the northern market, with more than 4.2 million shares being traded. Its price per share gained 9.92 per cent to stand at VND14,400.

The HNX-Index grew 0.74 per cent to finish at 82.98 points. Among all stocks, 113 stocks advanced, 73 declined and 77 remained unchanged.

The market's trading volume increased by 8.1 per cent to 42.7 million shares, while its trading value rose by 5.6 per cent to reach VND521 billion ($24.8 million).

Finally, foreign investors were net buyers on both markets yesterday. They recorded a net buying value of VND226.2 billion ($10.7 million) on the HCM market and VND8.23 billion ($394.5 million) on the Ha Noi market. — VNS

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