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Shares gain strongly amid the maturity of July futures contracts

Update: July, 16/2020 - 19:16

 

An aircraft of budget airline Vietjet (VJC) at Nội Bài International Airport in Hà Nội. Shares of Vietjet (VJC) soared 3.9 per cent on Thursday. — VNA/VNS Photo 

HÀ NỘI — Shares soared in the last minutes of trading on Thursday amidst the maturity of July futures contracts.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) climbed 0.8 per cent to close at 876.83 points.

It had risen 0.21 per cent to close Wednesday at 869.91 points.

Nearly 243.5 million shares were traded on the southern market, worth VNĐ4.3 trillion (US$184.7 million).

Market breadth was negative with 165 gainers and 193 decliners.

The VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, increased 1.19 per cent to close Thursday at 819.83 points.

According to BIDV Securities Company, market liquidity increased slightly while market breadth turned negative, indicating a consensus trading trend has not formed.

“The VN-Index will probably determine the trend in the last trading session of the week,” the company said.

The market witnessed strong buying demand in the at-the-close (ATC) session amidst the maturity of July futures contracts on Thursday.

Market pillar stocks attracted cash flow and increased, including Vingroup (VIC), rising 2.8 per cent; dairy firm Vinamilk (VNM), up 1.3 per cent; low-budget carrier Vietjet (VJC), soaring 3.9 per cent; Masan Group (MSN), climbing 2.3 per cent; steel maker Hòa Phát Group (HPG), moving up 2 per cent; Techcombank (TCB), rising 1.9 per cent, Vincom Retail (VRE), increasing 2.2 per cent; Vinhomes (VHM), rising 0.5 per cent; brewery firm Sabeco (SAB), up 0.8 per cent; and Military Bank (MBB), gaining 1.2 per cent.

On a sector basis, wholesale, insurance, real estate, banking, oil and gas, retail, food and beverage were among the gainers.

Meanwhile, rubber production, seafood processing, logistics, information and technology, agriculture and construction all lost ground.

On the Hà Nội Stock Exchange (HNX), the HNX-Index was down 0.27 per cent to end Thursday at 115.59 points.

Nearly 33.8 million shares were traded on the northern market, worth VNĐ387 billion.

Foreign investors net sold VNĐ24.95 billion on HoSE. They were net buyers on the HNX to the tune of VNĐ1.33 billion.

According to Thành Công Securities Company, investors were still cautious, so the VN-Index has not created any breakthrough and continued to move in a narrow range.

“At present, the market will still be influenced mainly by the business results of the second quarter. In the coming sessions, the VN-Index is likely to continue fluctuating around the price range of 875-885 points,” said the company. — VNS

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