Shares manage to climb amid market votality

Nov 7th at 11:03
07-11-2020 11:03:42+07:00

Shares manage to climb amid market votality

Shares managed to rally on Friday even amid strong volatility with big variations in large-caps' prices.

 

The benchmark VN-Index on the Ho Chi Minh Stock Exchange increased 0.06 per cent to close at 938.29 points.

It had decreased by 0.06 per cent to close at 937.75 points on Thursday.

More than 268.2 million shares were traded on the southern bourse, worth VND5.4 trillion (US$233.7 million).

Market breadth was negative with 226 decliners and 170 gainers.

“Lower liquidity, narrow range of fluctuations and negative market breadth showed that cautiousness was dominating today's trading activities,” said BIDV Securities Co.

“The trend of the VN-Index is expected to be clearer next week after the election results of the US president are announced,” the company said.

The market recorded significant variety in large caps' prices on Friday, with notable gainers including Masan Group (MSN), Vingroup (VIC), Ha Noi Beer Alcohol and Beverage Joint Stock Corporation (BHN) and Phu Nhuan Jewelry (PNJ).

Real estate stocks and construction stocks also attract cash flow such as Dat Xanh Group (DXG), Investment and Construction Development Joint Stock Corporation (DIG), Fecon Corporation (FCN), Hoa Binh Construction and Real Estate Corporation (HBC), Ba Ria-Vung Tau House Development Co (HDC), Ha Do Group JSC (HDG) and Dat Phuong Group (DPG).

Industrial zone stocks outperformed with notable gainers Nam Tan Uyen JSC (NTC), Phuoc Hoa Rubber Co (PHR), The Vietnam Rubber Group JSC (GVR), Industrial Urban Development JSC No 2 (D2D), The Phu My 3 Specialised Industrial Park (SIP), Investment and Industrial Development Joint Stock Corporation (BCM) and Sonadezi Long Thanh Holding Company (SZL).

The VN30-Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, decreased 0.08 per cent to close Friday at 902.91 points.

In the VN-30 basket, 12 stocks lost ground, nine increased and nine remained flat.

On a sector basis, 10 of 25 sector indices lost ground, including insurance, securities, retail, agriculture, seafood processing, logistics and rubber production.

Meanwhile, energy, banking, construction materials, plastics and chemical production, wholesale, healthcare, information and technology, food and beverage, real estate and construction were among gainers.

The minor HNX-Index on the Ha Noi Stock Exchange increased 0.73 per cent to end Friday at 139.31 points.

Nearly 36 million shares were traded on the northern exchange, worth VND417 billion.

Foreign investors net sold VND143.97 billion on HOSE and were also net sellers on the HNX with the value of VND660 million.

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