Shares rise for four straight days, pushed by real estate stocks
Shares rise for four straight days, pushed by real estate stocks
The market rose for the fourth straight session on Thursday as investors sought real estate stocks, boosting many large-cap stocks in the group to move higher.
On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index rose 0.23 per cent, to 1,365.99 points. The market’s breadth was positive with 228 stocks climbing, while 192 stocks declined.
The index had gained a total of 2.3 per cent in the last four sessions.
Investors poured VND20 trillion (US$881 million) into the southern exchange, equivalent to a trading volume of nearly 693 million shares.
The 30 biggest stocks tracker, the VN30-Index, increased 0.07 per cent, to 1,462.74 points. In the VN30 basket, 11 stocks jumped, while 18 stocks slid and two ended flat.
In the large-cap group, gainers were insurer Bao Viet Holdings (BVH), Vingroup (VIC), Vietcombank (VCB), Vietinbank (CTG), Sabeco (SAB) all gained. On the other side, PetroVietnam Gas (GAS), FPT Corporation (FPT), Masan Group (MSN), Vinamilk (VNM), Mobile World Group (MWG) and Novaland (NVL) were the blue-chip stocks that dropped.
According to financial news site cafef.vn, real estate and construction attracted cash flow with a series of gainers such as C.E.O Group JSC (CEO), Dat Xanh Group (DXG), FECON Corporation (FCN), Ba Ria-Vung Tau House Development Co (HDC), Khang Dien House (KDH), Phat Dat Real Estate (PDR), Tu Liem Urban Development JSC (NTL) and Dat Phuong Group (DPG).
Industrial park stocks also traded positively with many gainers such as Nam Tan Uyen JSC (NTC), Sonadezi Chau Duc Shareholding Co (SZC), Sonadezi Long Thanh (SZL), The Viet Nam Rubber Group (GVR), Becamex (BCM) and Kinh Bac City Development Share Holding Corporation (KBC).
Towards the end of the session, the VN-Index's gain was also significantly strengthened by securities stocks, including FPT Securities Joint Stock Company (FTS), Ho Chi Minh City Securities Corporation (HCM), Viet Capital Incorporation (VCI), SSI Securities Incorporation (SSI), Agribank Securities Corporation (AGR) and APG Securities Joint Stock Company (APG).
On the Ha Noi Stock Exchange (HNX), the HNX-Index also closed higher with a gain of 0.52 per cent, to 370.40 points.
During the session, more than 102 million shares were traded on the northern bourse, worth nearly VND2 trillion.
