Shares gain on financial stocks and heavy-weights

June 30, 2021 - 06:47

Vietnamese stock markets ended Tuesday on a positive note, largely led by gains in financial shares and heavy-weight stocks.


Transactions at Sacombank (STB). STB rose 2.7 per cent on Tuesday. VNA/VNS Photo 

HÀ NỘI - Vietnamese stock markets ended Tuesday on a positive note, largely led by gains in financial shares and heavy-weight stocks.

On the Hồ Chí Minh Stock Exchange, the VN-Index increased 0.30 per cent to close at 1,410.04 points.

It had risen 1.13 per cent to close Monday at 1,405.81 points.

More than 647 million shares worth VNĐ21.3 trillion ($295.2 million) were traded on the southern exchange on Tuesday.

The VN30 which tracks the top 30 largest shares by market value and liquidity successfully reached a new milestone of 1,529.97 points as half of the stocks in the basket gained value.

Bank stocks led the market's trend, with gainers including Sacombank (STB), Vietinbank (CTG), Tiên Phong Bank (TPB), Bank for Investment and Development (BID), VPBank (VPB), MBBank (MBB), Asia Commercial Bank (ACB) and Vietnam International Commercial Joint Stock Bank (VIB).

Pillar stocks rose strongly, such as Vinhomes (VHM), increasing by 2.6 per cent to VNĐ118,500  per share, Vinamilk (VNM) rising by 2.2 per cent to VNĐ91,200 per share, Vietjet (VJC) gaining by 2.3 per cent to VNĐ118,200 per share, Vingroup (VIC) increasing by 1.7 per cent to VNĐ118,700 per share.

“VN-Index was in uptrend for most of the trading time and closed above 1,410 points. Investment cash flow declined while foreign investors were net buyers on the HoSE and net sellers on the HNX,” said BIDV Securities Co.

“Market breadth turned negative with liquidity dropping compared to the previous session. According to our assessment, VN-Index may have a slight correction in the next sessions to retest the area around 1,400 points,” it said.

Foreign investors net bought VNĐ40.18 billion on HOSE, including Vinhomes (VHM) with VNĐ165.2 billion, Vinamilk (VNM) with VNĐ94 billion and Vietcombank (VCB) with VNĐ92.4 billion. They were net sellers on the HNX with a value of VNĐ12.48 billion.

On a sector basis, 11 out of 25 sectors gained ground, including real estate, securities, information and technology, retail, banking, agriculture, food and beverage, seafood and logistics.

On the opposite side, losers were wholesale, insurance, healthcare, oil and gas, rubber production, construction materials and construction.

On the Hà Nội Stock Exchange, the HNX-Index advanced 0.21 per cent to close Tuesday at 323.79 points

It had gained 1.53 per cent to close Monday at 323.10 points.

More than 132 million shares worth VNĐ3.2 trillion were traded in the northern market. — VNS