VN-Index up for fourth straight session – VnExpress International


The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, this session saw 297 stocks gain and 119 lose. Total trading volume went up by more than 10 percent over the previous session to VND7.04 trillion ($302.93 million).

The VN30-Index for the market’s 30 biggest caps rose 0.37 percent, but accounted for less than half the total trading volume, indicating that demand for non-blue chips drove gains this session. On the VN30, 19 stocks gained and 6 lost.

Private banks were some of the best gainers this session. HDB of HDBank rose 3.5 percent, VPB of VPBank, 1 percent, TCB of Techcombank, 0.7 percent and STB of Sacombank, 0.4 percent. EIB of Eximbank was the sole loser in the segment, down 0.3 percent.

The state-owned banking sector performed similarly. Of Vietnam’s three biggest lenders by assets, CTG of VietinBank added 1.3 percent, BID of BIDV, 0.9 percent and VCB of Vietcombank kept its opening price. MBB of mid-sized Military Bank gained 1.1 percent.

Oil and gas stocks were also among the gainers. GAS of energy giant PetroVietnam Gas climbed 2.4 percent, POW of electricity generator PetroVietnam Power, 1.4 percent, and PLX of Petroleum distributor Petrolimex, 1 percent.

Other major gainers included VRE of mall operator Vincom Retail, up 1.6 percent, TCH of truck dealer Hoang Huy Group 1.1 percent, and PNJ of jewelry retailer Phu Nhuan Jewelry, 1 percent.

In the opposite direction, VIC of private conglomerate Vingroup, HoSE’s biggest cap, topped losses with 0.9 percent.

It was followed by REE of appliances maker Refrigeration Electrical Engineering, down 0.7 percent, MWG of electronics retailer Mobile World, down 0.4 percent, and HPG of steelmaker Hoa Phat Group, down 0.2 percent.

The positive movements on the VN-Index were similar to growth in other Asian stock markets, considered by analysts as less volatile compared to U.S. or European stock markets as the world braces for the U.S. presidential election results.

Indices of Asia Pacific’s biggest equity markets were mostly in the green. China’s Shanghai Composite was up 0.19 percent, Japan’s Nikkei 225 surged 1.72 percent, South Korea’s KOSPI grew 0.6 percent, while Hong Kong’s Hang Seng Index was one of the few that dipped, down by 0.19 percent.

“Asia has become a safe haven” as the pandemic has worsened in other regions, and China is recovering, Jian Shi Cortesi, a fund manager at Zurich headquartered asset management firm GAM Investment Management, told The Economic Times.

Meanwhile, the HNX-Index for the Hanoi Stock Exchange, home to mid- and small-caps, was up 1.05 percent, and the UPCoM-Index for the Unlisted Companies Market gained 0.57 percent.

Foreign investors continued to be net sellers this session to the tune of over VND627 billion on all three bourses. The most net sold stocks were HPG of steelmaker Hoa Phat Group and VRE of Vincom Retail.

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 up for fourth straight session – 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