Viet Nam News

  In Viet Nam News 

Shares hit fresh peak on strong buying force

HÀ NỘI Shares hit a fresh peak on Monday as strong buying force bolstered market sentiment.

The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) closed the first session of the week at 1,260.58 points, up 1.77 per cent or 21.87 points.

The market breadth was positive as 297 stocks gained while 126 stocks decreased during the session. The market’s liquidity stayed high with over 817.1 million shares traded on the southern bourse, worth VNĐ19.8 trillion (US$861.3 million).

“After the sharp drop last week, VN-Index quickly regained its position and surpassed the psychological level of 1,250 points today,” said BIDV Securities Co.

“Investment cash flow poured strongly into the market. Market breadth widened and stayed positive, strongly reflecting the positive trading sentiment.

“Foreign investors continued to be net sellers on both HoSE and HNX. With stable domestic cash flow and excited trading sentiment, the VN-Index is likely to move in the 1,250 -1,280 points range in the next sessions,” the company said.

Foreign investors net sold VNĐ743.05 billion on HOSE, including Vinamilk (VNM) (VNĐ262.8 billion), Vinhomes (VHM) (VNĐ145 billion) and Military Bank (MBB) (VNĐ85.5 billion). Foreigners were net sellers on the HNX with the value of VNĐ13.43 billion.

The VN30-Index gained 2.3 per cent, or 29.35 points, to finish Monday’s trade at 1,306.22 points. Twenty-five of the 30 biggest stocks in the VN30 basket increased while only four declined.

Masan Group (MSN) and Phát Đạt Real Estate (PDR) both led this group as they hit the ceiling prices. Hoà Phát Group (HPG) and Khang Điền House (KDH) both gained by more than 5 per cent.

Sacombank (STB), Vinhomes (VHM), Phú Nhuận Jewelry (PNJ) were gainers of over 3 per cent. Bảo Việt Holdings (BVH), Techcombank (TCB), Mobile World Group (MWG), Bank for Investment and Development of Vietnam (BID), HDBank (HDB), SSI Securities Inc (SSI), FPT Corporation (FPT), Vietcombank (VCB) and Tiền Phong Bank (TPB) were among the advancers with 2-per-cent increases.

ThànhThành Công – Biên Hoà JSC (SBT) was the biggest loser with more than 1-per-cent loss. Vinamilk (VNM), PVPower (POW) and Petrolimex (PLX) were the other losers of VN-30 group.

On the Hà Nội Stock Exchange, the HNX-Index gained by 0.90 per cent to close Monday at 295.75 points.

Nearly 158 million shares were traded on the northern exchange, worth VNĐ2.8 trillion. — VNS