Shares advance on high demand, VN-Index nearing 1,100 points

HÀ NỘI — Shares advanced on Tuesday on strong demand that bolstered large-caps stocks, pushing the benchmark VN-Index close to the  一, 一00-point level.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0. 七 五 per cent to end Tuesday's session at  一,0 九 九. 四 九 points.

The index had gained 0. 六 四 per cent to end Monday's session at  一,0 九 一. 三 三 points.

Nearly  六 七 九 million shares were traded on the southern bourse on Tuesday, worth VNĐ 一 四. 五 trillion (US$ 六 二 九. 五 million).

Market breadth was positive with  二 七 五 gainers and  一 七 四 decliners.

The large-cap tracker VN 三0-Index was up 0. 三 九 per cent to  一,0 五 八. 三 九 points.

Eighteen of the  三0 large-cap stocks in the VN 三0 basket increased while  一0 declined.

“VN-Index increased gradually in the morning and reached almost  一, 一00 in early afternoon and held around this level until the end of the trading time,” said BIDV Securities Co.

“Foreign investors continued to be net sellers on both HoSE and HNX. Besides, market breadth was in a positive status and liquidity decreased compared to the previous session. In our opinion, VN-Index is likely to fluctuate around  一, 一00 in the next days,” the company said.

Foreign investors net sold VNĐ 三 八 五.0 二 billion on HOSE, including confectionary company Bibica Corporation (BBC) (VNĐ 四 七 九. 四 billion), SSI Securities Corporation (SSI) (VNĐ 七 四. 七 billion) and Vĩnh Hoàn Corporation (VHC) (VNĐ 五 六. 五 billion). They were net sellers on the HNX with a value of VNĐ 一 一. 四 九 billion.

Nineteen out of  二 五 sector indices on the stock market gained ground, including food and beverage, retail, logistics, wholesale, real estate, IT, energy, healthcare, construction materials, insurance, banking and rubber production.

They all gained between 0.0 二 and  三. 五 per cent.

On the opposite side, losers were securities, agriculture, seafood processing and construction.

A number of blue-chips attracted cash flow such as Vinhomes (VHM), Vietcombank (VCB), Bank for Investment and Development of Vietnam (BID), Vincom Retail (VRE), Bảo Việt Holdings (BVH), Vingroup (VIC) and Sabeco (SAB), strongly supporting the VN-Index.

Banking group witnessed differentiation with Vietcombank (VCB), Bank for Investment and Development of Vietnam (BID) and Techcombank (TCB) all gained strongly. Meanwhile, Vietinbank (CTG), Military Bank (MBB), Asia Co妹妹ercial Bank (ACB) and Sacombank (STB) declining.

On the Hà Nội Stock Exchange, the HNX-Index climbed 0. 二 七 per cent to  一 九 七. 一0 points.

It had climbed  二. 一 四 per cent to end Monday at  一 九 六. 五 七 points.

Nearly  一 六 四. 五 million shares were traded on the northern market, worth VNĐ 二 trillion. — VNS