Hanoi stocks jump as market heats up

Hanoi stocks jump as market heats up

The HNX-Index maintained an upward trend throughout July, closing at 266.34 points, up 16.19 per cent from the previous month. This was its highest close in July.

Outside the headquarters of the Hanoi Stock Exchange. — VNS Photo Ly Ly Cao

The Hanoi Stock Exchange (HNX) experienced a buoyant trading month in July, led by strong gains in securities stocks that shaped the market’s positive momentum.

The HNX-Index maintained a steady upward trajectory throughout the month, closing at 266.34 points — a 16.19 per cent increase from June and its highest July finish to date.

Trading activity surged, with an average daily volume of 150.4 million shares, marking a notable 60 per cent rise compared to the previous month. Meanwhile, the average daily transaction value climbed 64.5 per cent to over VNĐ2.77 trillion (US$105.5 million).

The busiest trading day was on July 31, with 195.5 million shares exchanged, amounting to approximately VNĐ4.1 trillion.

Among the market leaders, Asia-Pacific Securities (APS) delivered remarkable growth, soaring 98.5 per cent to close at VNĐ13,300 per share. Saigon-Hanoi Securities (SHS) followed closely, rising 79.6 per cent to VNĐ23,000.

Other notable gains included Alphanam E&C (AME), which rose 59.6 per cent and I.P.A Investment Group (IPA), which increased by 58 per cent.

In terms of liquidity, Saigon-Hanoi Securities (SHS) led the market with a trading volume of 956.1 million shares, accounting for 26 per cent of total market activity.

CEO Group followed with 623.5 million shares traded, representing 17 per cent of the market, while MB Securities (MBS) recorded 207.8 million shares, equivalent to 6 per cent of the total.

Foreign investors were notably active, with trading values rising by 61 per cent compared to the previous month. They bought over VNĐ3.3 trillion worth of securities and sold approximately VNĐ2.78 trillion, resulting in a net buying position of VNĐ547 billion.

Additionally, proprietary trading by member securities firms increased by 7.1 per cent, reaching over VNĐ443.9 billion, constituting more than 2 per cent of the total market.

By the end of July, the Hanoi Stock Exchange (HNX) listed 306 companies, with a total market capitalisation exceeding VNĐ398.7 trillion, reflecting a 12 per cent increase from June.

Bizhub