Shares finish higher, foreign investors net buy at the beginning of new month
Shares finish higher, foreign investors net buy at the beginning of new month
The market ended higher on Monday, boosted by gains in large-cap stocks, with foreign investors continuing to net buy on both main exchanges.
The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 0.32 per cent to 1,314.22 points, expanding last week’s rally. The index finally surpassed the threshold of 1,300 points last Friday and gained 3.2 per cent for the week.
The market’s breadth was positive as 210 stocks increased while 167 declined. The liquidity continued to improve with nearly VND19.8 trillion (US$861 million) poured into the southern bourse, equivalent to a trading volume of 614.5 million shares.
The gain was still driven by big stocks in all sectors. Accordingly, the 30 biggest stocks tracker VN30-Index witnessed an increase of 0.07 per cent to 1,448.21 points.
Fifteen stocks of the VN30 basket climbed while 15 fell.
Of the top five stocks influencing the bullish trend, PetroVietnam Gas JSC (PVGas, GAS) led the gain on Monday, up 4.35 per cent.
It was followed by JSC Bank for Investment and Development of Vietnam (BIDV, BID), Mobile World Investment Corporation (MWG), Masan Group (MSN) and Vietnam Airlines JSC (HVN). All these stocks jumped at least 1.64 per cent yesterday.
Other big stocks also recorded good performance such as FPT Corporation (FPT), up 1.7 per cent, and Vietjet Aviation JSC (VJC), up 2.21 per cent.
However the gain was capped by some profit-taking activities, mostly in bank stocks. Vietcombank (VCB) posted the biggest lost in market capitalisation, down 1.02 per cent. Vietinbank (CTG) and Asia Commercial Joint Stock Bank also lost 1.66 per cent and 1.89 per cent, respectively.
On the Ha Noi Stock Exchange (HNX), the HNX-Index also finished higher on Monday, up 0.03 per cent to 314.93 points.
During the session, over 107.6 million shares were traded on the northern bourse, worth more than VND2.6 trillion.
Meanwhile, foreign investors continued to be net buyers on both exchanges with a net value of VND301.34 billion. Of which, they net bought a value of VND296.85 billion on HoSE, and a value of VND4.49 billion on HNX.
Foreign investors net bought in the last trading week of July. In general, they bought 176 million shares, worth over VND8.2 trillion, while selling 168 million shares, worth nearly VND7.5 trillion. Therefore, they net bought 8.4 million share, worth VND723 billion last week.
