Stock market ends week with fourth consecutive gain
Stock market ends week with fourth consecutive gain
The stock market extended its winning streak on Friday, with the VN-Index recording its fourth consecutive gain, although foreign investors returned to net selling.
At a corner of the Vinhomes Oceanpark 3 urban area. VHM shares of Vinhomes led the market on Friday.. — VNA/VNS Photo |
On the Hồ Chí Minh Stock Exchange (HoSE), the benchmark VN-Index rose by 2.03 points, or 0.16 per cent, to close at 1,288.39 points.
Market breadth was positive, with 172 gainers outnumbering 123 losers. Liquidity on the southern bourse dropped to VNĐ13.2 trillion (over US$532 million), a 28.2 per cent decrease compared to the previous session.
The VN30-Index, which tracks the 30 largest stocks by market capitalisation, slightly increased by 1.92 points, or 0.14 per cent, to 1,362.5 points. Fifteen stocks in the VN30 basket rose, twelve declined and three remained unchanged.
Data compiled by financial website vietstock.vn showed that Vinhomes JSC (VHM) was the biggest gainer, rising by 3.44 per cent and contributing nearly 1.6 points to the VN-Index.
It was followed by Vietjet Aviation Joint Stock Company (VJC), which increased by 2.74 per cent, Masan Group Corporation (MSN), up 1.38 per cent and Vingroup Joint Stock Company (VIC), rising by 0.97 per cent.
Several sectors posted losses, placing slight pressure on the overall market, with decliners including FPT Corporation (FPT), the Bank for Foreign Trade of Vietnam (VCB) and the Bank for Investment and Development of Vietnam (BID).
Stock market analysts from Viet Dragon Securities noted that trading volume fell compared to the previous session, reflecting a cautious flow of money into the market. The current uptrend could push the VN-Index towards the 1,285 – 1,290 point range. However, supply pressure in this range may lead to increased market volatility.
Therefore, investors are advised to closely monitor the market’s supply and demand dynamics to assess its condition. It is recommended to focus on stocks with strong inflows and use the rebound as an opportunity to rebalance portfolios towards risk reduction.
On the Hà Nội Stock Exchange (HNX), the HNX-Index also finished higher on Friday, gaining 0.04 per cent to close at 231.37 points.
During the session, shares worth nearly VNĐ789 billion were traded, with a total trading volume of over 47.6 million on the northern market.
Foreign investors resumed their net selling trend, with net sales amounting to over VNĐ318 billion on the HoSE.
