Large-cap stocks continue to buoy markets

Large-cap stocks continue to buoy markets

Vietnam’s benchmark VN-Index advanced the second trading session on August 9 thanks to support from new cash flow despite strong selling pressure as investors sold mining shares to take profits.

Source: VietstockFinance

The index of 303 companies and six mutual funds listed on the Ho Chi Minh City Stock Exchange rallied 0.81 percent, or 3.41 points, to close at 426.98 points with 133 gainers, 96 losers, and 80 stocks remaining unchanged.

Trading on the city bourse improved by 81 percent in volume, and 108 percent in value over the previous trading session as more than 43.06 million shares changed hands at a total value of VND728.31 billion.

Tan Tao Investment Industrial Joint Stock Company (ITA) led the list of most active shares in volume for a second day with 2.21 million shares changing hands.

Saigon Securities Inc. (SSI), the country’s largest brokerage, followed with 1.38 million shares.

Na Ri Hamico Mineral Joint Stock Company (KSS) won the third place with 1.34 million shares traded.

International Development & Investment Corporation (IDI), Tai Nguyen Corporation (TNT) both rebounded 5 percent to close at VND8,400, and VND4,200 respectively.

Ben Thanh Trading & Service Joint Stock Company (BTT) resurrected 4.95 percent to close at VND23,300.

Petrolimex Gas Joint Stock Company (PGC) emerged 4.81 percent to close at VND10,900.

NBB Investment Corporation (NBB) stumbled 4.9 percent to close at VND33,000.

Dong Nai Port Joint Stock Company (PDN) fell for third trading session, forfeiting 4.85 percent to close at VND21,600.

Saigon Fuel Joint Stock Company (SFC) sank 4.8 percent to close at VND23,800.

The VN30 Index - a free-float adjusted, market cap-weighted index of 30 stocks with the highest market value and liquidity on the exchange – hiked 4.84 points, or 0.96 percent, to end at 508.58. Among its 30 members, 21 stocks edged up, 4 went down, and 5 moved flat.

Hanoi’s HNX-Index of the smaller bourse in the north grew 0.44 percent, or 0.31 points, to close at 70.79 points with 110 winners, 94 losers, and 86 stocks stalling. Around 39.5 million shares changed hands at a total value of VND376.47 billion.
HNX 30 Index - the price index of top 30 stocks calculated based on free float adjusted market capitalization – climbed 0.65 percent, or 0.88 points, to finish at 135.98 points.

Meanwhile, the UPCoM-Index of unlisted shares cut 0.24 percent, or 0.09 points, to close at 37.36 points. A total of 360,810 shares changed hands at VND2.65 billion.

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