Stock trading rises 28 pct
Stock trading rises 28 pct
Vietnam’s benchmark VN-Index rose 0.22 percent to 1,476.57 points Monday, with trading value surging 28 percent.
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran |
The index stayed mostly steady throughout the day and closed 3 points higher. This is its seventh session in the green in the last 10 sessions.
Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, shot up 28 percent to VND34.04 trillion ($1.5 billion).
This was the fifth time this month that trading value reached over VND30 trillion.
The VN30 basket, comprising the 30 largest capped stocks, saw 14 tickers in the green, led by POW of electricity producer Petrovietnam Power Corporation with a 6.9-percent rise.
The ticker is now at a seven-month high. It has been on an upward trend since mid-July.
HDB of HDBank rose 3 percent to a four-month high. Trading volume surged nearly 57 percent against the average of the last 10 sessions.
MSN of conglomerate Masan Group rose 2.9 percent, and SSI of leading brokerage SSI Securities Corporation went up 2.7 percent, both to new peaks.
MWG of electronics retail chain Mobile World gained 2.5 percent to a new peak in its fourth straight session in the green.
Sixteen blue chip tickers ended in the red, with NVL of real estate developer Novaland Group losing 2.3 percent, and GVR of Vietnam Rubber Group, 2.2 percent.
Foreign investors were net buyers to the tune of VND103 billion, with strongest pressure on VHM of real estate giant Vinhomes and MSN.
The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.6 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.98 percent.
