Shares end higher on two local bources
Shares end higher on two local bources
Shares ended on a positive note on Wednesday on both local bourses, with financial stocks leading gains and supporting the market.
The VN-Index on the Ho Chi Minh Stock Exchange gained 0.70 per cent to close trading session at 912.50 points.
More than 392.5 million shares were traded on the southern bourse, worth VND6.5 trillion (US$279.4 million).
Market breadth was positive with 250 gainers and 161 losers.
High market liquidity with positive market breadth showed signs of good sentiment. The VN-Index might retest the 920-point level in the next few sessions, said BIDV Securities Co.
“Investors can consider increasing the proportion of good fundamental stocks in their portfolio,” it said.
The VN30-Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, increased 0.65 per cent to close Wednesday at 858.30 points.
Gainers in the VN-30 basket included Vinhomes (VHM), increasing 0.9 per cent, Vietinbank (CTG), climbing 1.7 per cent, PetroVietnam Gas JSC (GAS), rising 1.1 per cent, National Petroleum Group (PLX), advancing 2.4 per cent, Masan Group (MSN), going up 2 per cent, Mobile World Group (MWG), up 2.3 per cent, VPBank (VPB), rising 1.7 per cent and PVPower (POW), increasing 4 per cent.
Shares of banks and securities companies were also among the best performers.
The Big Three – Vietcombank (VCB), Vietinbank (CTG) and BIDV (BID) – were the biggest gainers with growth of 1.7 per cent each.
Large securities firms such as Saigon Securities Inc (SSI), Ho Chi Minh Securities (HCM), VNDirect Securities (VND) and Viet Dragon Securities (VSD) also advanced and supported market.
On a sector basis, 13 out of 25 sector indices gained ground, including retail, wholesale, mining, securities, banking, agriculture, food and beverage, construction materials, logistics.
Decliners were information and technology, insurance, real estate, healthcare, seafood processing and rubber production.
The minor HNX-Index on the Ha Noi Stock Exchange rose 0.34 per cent to end Wednesday at 132.64 points.
It had risen 1.23 per cent to end Tuesday at 132.19 points.
Nearly 59.4 million shares were traded on the northern exchange, worth VND772 billion.
Foreign investors net bought VND125.10 billion on HOSE. They were net sellers on the HNX with the value of VND9.11 billion.
