VN-Index heads for five-year peak

Money continued to pour into the HCM Stock Exchange in the afternoon of August 21, lifting the benchmark VN-Index by 1.03 percent to close the session at 612.94 points.

A stock trading session at Hoang Gia Securities Co in Hanoi (Photo: VNA)
A stock trading session at Hoang Gia Securities Co in Hanoi (Photo: VNA)

Local investors increased buying as they are confident the Index will surpass the five-year peak of 615 points recorded on October 23, 2009.

Liquidity soared with the market value rising 78 percent against August 20's level, reaching 3.314 trillion VND (157 million USD). Trading volume was up 40 percent to more than 151 million shares and fund certificates.

The market condition was positive as the advancers outnumbered the decliners by 114-93. The remaining 96 codes closed unchanged.

Growth of PV Gas (GAS), the biggest share by market value, continued to prop up the market. GAS added 1.72 percent to close at 118,000 VND (5.59 USD) per share.

Many stocks of the 30 shares with the highest market value and liquidity also gained, including Masan Group (MSN), Vinamilk (VNM), Vietcombank (VCB), Hoa Phat Group (HPG) and Hoa Sen Group.
The VN30 also climbed 0.7 percent to close at 649.94 points.

FLC Group (FLC) was again the most active stock here with a whopping 23.3 million shares, but the price fell 4.55 per cent to finish at 12,600 VND a share.

By contrast, the HNX-Index on the Ha Noi Stock Exchange lost ground in last trading minutes after surging to the highest level in four months. It inched down 0.06 percent to end the day at 83.01 points.

The HNX30, which tracks the top 30 shares by market value and liquidity on the Hanoi exchange, also dipped 0.03 percent to stand at 168.19 points.

Trading improved as both market volume and value increased 50 percent over August 20’s level, totalling nearly 68 million shares worth 888 billion VND (42 million USD).

Hot stocks like PetroVietnam Construction Corporation (PVX) and Sai Gon Thuong Tin Real Estate Company (SCR) continued to lead the market in term of volume.

Nearly 10 million PVX shares were traded at 4,800 VND a share, up 2.13 percent over August 20, while SCR saw 5.6 million shares changed hands at 9,800 VND per share, down over 1 percent.

Foreign investors unexpectedly concluded yesterday as net buyers on the HCM City's market, finishing their 12-day selling streak. They bought a net buy value of 77.12 billion VND (3.6 million USD) worth of shares. They were also responsible for a net buy of 1.18 billion VND (55,900 USD) worth of shares on the Hanoi bourse.

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