VN-Index kicks off new week in green – VnExpress International


Market sentiment was overall positive this session, with the benchmark VN-Index never dipping below its opening of 909.91 points.

The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, was a sea of green with 304 stocks gaining and 120 losing. Total trading volume fell 10 percent over the previous session, to VND7.3 trillion ($316.02 million).

58 percent of trading volume this session poured into stocks outside the VN30, a basket of the HoSE’s 30 largest caps. Analysts observed that in the past three months, investors have tended to put money into smaller caps with good financials to find new opportunities as Covid-19 slash bottom lines at many listed firms.

The VN30-Index this session climbed 0.72 percent, with 17 stocks gaining and 9 losing.

Topping gains this session was REE of appliances maker Refrigeration Electrical Engineering with 4.5 percent, followed by MSN of food conglomerate Masan Group with 3.5 percent.

POW of electricity generator PetroVietnam Power and SSI of brokerage Saigon Securities Inc. both rose 2.8 percent, followed by HPG of steelmaker Hoa Phat Group which added 2.4 percent.

Most listed mid-sized banks performed positively this session. MBB of state-owned Military Bank and VPB of VPBank were up 2.3 percent each, EIB of Eximbank gained 2.1 percent, STB of Sacombank 1.9 percent, HDB of HDBank 0.4 percent, while TCB of Techcombank kept its opening price.

Results were poorer for Vietnam’s three biggest state-owned lenders by assets, with CTG of VietinBank adding 2 percent, but VCB of Vietcombank and BID of BIDV both shedding 0.6 percent.

TCH of truck dealer Hoang Huy Group was the biggest loser this session with 2.3 percent, followed by PLX of petroleum distributor Petrolimex, down 0.8 percent.

VIC of private conglomerate Vingroup, HoSE’s largest cap, was down 0.7 percent, while both of its subsidiaries, VRE of retail arm Vincom Retail and VHM of real estate arm Vinhomes added 0.4 percent and 0.1 percent respectively.

Other losing stocks included VNM of dairy giant Vinamilk, down 0.6 percent, and VJC of budget carrier Vietjet Air, down 0.1 percent.

Meanwhile, the HNX-Index for the Hanoi Stock Exchange, home to mid- and small-capped stocks, surged 1.69 percent, while the UPCoM-Index for the Unlisted Public Companies Market added 0.74 percent.

Foreign investors were again net sellers to the tune of nearly VND180 billion on all three bourses. The most net sold stocks were VNM of Vinamilk and Vietnam’s three biggest lenders, which are CTG, BID and VCB.

e.VnExpress

What's Your Reaction?

Cry Cry
0
Cry
Cute Cute
0
Cute
Damn Damn
0
Damn
Dislike Dislike
0
Dislike
Like Like
0
Like
Lol Lol
0
Lol
Love Love
0
Love
Win Win
0
Win
WTF WTF
0
WTF

Comments 0

Your email address will not be published. Required fields are marked *

VN-Index kicks off new week in green – VnExpress International

log in

Become a part of our community!

reset password

Back to
log in
error: Content is protected !!
Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Poll
Voting to make decisions or determine opinions
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Open List
Open List
Ranked List
Ranked List
Meme
Upload your own images to make custom memes
Video
Youtube, Vimeo or Vine Embeds
Audio
Soundcloud or Mixcloud Embeds
Image
Photo or GIF