VN-Index rises slightly on some pillar stocks
The market was mixed on Tuesday morning, with two benchmarks edging higher, while the UPCOM-Index declined.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 2.54 points, or 0.19 per cent, to 1,343.97 points. However the market's breadth was negative as selling pressure reappeared. Accordingly, 220 stocks dropped, while 168 stocks climbed.
The liquidity was also lower than yesterday as investors poured nearly VND10.4 trillion into the market, equivalent to a trading volume of more than 416 million shares.
The VN30-Index, tracking 30 biggest stocks in market capitalisation on HoSE, posted a small loss of 0.45 points, or 0.03 per cent, to 1,444.54 points. Of the VN30 basket, 19 stocks edged down, while eight rose and three stayed unchanged.
The benchmark's gain was mainly driven by some pillar stocks, especially in material, transportation and real estate sectors.
Masan Group (MSN) was the biggest gainer this morning, with a climb of 3.37 per cent. It was followed by Saigon Beer - Alcohol - Beverage Corporation (SAB) and Vietnam Airlines (HVN), with HVN shares even hitting the biggest daily gain of 7 per cent.
The trio of Vin-family stocks, including Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE), also support the rally trend in the morning session.
On Ha Noi Stock Exchange (HNX), the HNX-Index inched 0.65 per cent higher to close the morning trade at 351.33 points.
Meanwhile, the UPCOM-Index recorded a loss of 0.22 per cent to 95.05 points.