VN-Index rises slightly on manufacturing stocks
VN-Index rises slightly on manufacturing stocks
Indices were mixed on Tuesday morning, with the VN-Index up slightly on the back of some large-cap stocks. However the selling force remained.
On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index climbed 5.41 points, or 0.37 per cent, to 1,452.66 points after losing 0.35 per cent yesterday.
The market's breadth was negative with 211 stocks rising while 231 stocks declined. The liquidity was also lower compared to the previous session. Of which, the trading volume on the southern bourse dropped 36 per cent to nearly VND14.4 trillion (US$632 million).
However, foreign investors continued to net buy on the market, with a value of over VND140 billion.
The index was backed by gains in large-cap stocks, especially in the manufacturing sector. The VN30-Index posted a rise of 8.58 points, or 0.57 per cent, to 1,525.62 points.
Fifteen of the 30 biggest stocks in the VN30 basket rose, while 13 stocks slid and two stocks stayed unchanged.
According to vietstock.vn, Masan Group (MSN) was the biggest gainer this morning, leading the uptrend with an increase of 2.74 per cent.
It was followed by Hoa Phat Group (HPG), Vinhomes (VHM) and Mobile World Investment Corporation (MWG). These stocks all rose in a range of 0.86 - 2.96 per cent.
The recovery was limited by lingering selling pressure, even though the strength of sell-off activities was not as strong as yesterday.
Top three stocks recording big losses this morning were BIDV (BID), GELEX Group (GEX) and Vietinbank (CTG) with GEX hitting the maximum daily loss of 7 per cent.
On the Ha Noi Stock Exchange (HNX), the HNX-Index decreased by 1.15 points, or 0.26 per cent, to 443.47 points.
