Shares rebound on eased selling pressure
The market rebounded on December 17 due to lower selling pressures than experienced on December 16.
The market rebounded on December 17 due to lower selling pressures than experienced on December 16.
On the HCM City Exchange, the VN-Index advanced 0.72 percent to 505.67 points.
Cash flow returned to the blue chips on December 17 with 19 of the southern bourse's 30 largest stocks by capitalisation and liquidity adding value, however, caution remained.
The VN30-Index, composed of the 30 largest shares, edged up 0.89 percent to 565.94 points.
Only two stocks decreased on December 17, including Vietinbank (CTG) and logistics company Gemardebt (GMD), which each lost 100 VND (0.0049 USD) per share. Meanwhile, real estate giant Vingroup (VIC) rose 2,500 VND (0.11 USD) per share on December 17 to 70,000 VND (3.33 USD).
PetroVietnam Low Pressure Gas Distribution (PGD) and PetroVietnam Drilling (PVD) increased 3.6 percent to 37,400 VND (1.7 USD) per share and 2.5 percent to 61,500 VND (2.9 USD) per share, respectively.
Other advancers earned between 100 VND (0.0049 USD) to 600 VND (0.028 USD) per share, including Bao Viet Group (BVH), Hoa Sen Group (HSG), Hoa Phat Group (HPG), Hoang Anh Gia Lai (HAG), Masan Group (MSN), Vietcombank (VCB) and Ocean Group (OGC). Of note, the recovery of blue chips on December 17 was linked to net buying from the foreign investors.
Also, small caps were active on December 17 with FLC Group (FLC) leading the bourse, in terms of liquidity, with nearly 8 million shares traded.
Overall, 148 stocks increased, in comparison to 57 losing. More than 73.599 changed hands on the southern bourse on December 17, with a total value of 929.5 billion VND (44.26 million USD).
On the Hanoi Exchange, the HNX-Index was up 0.56 percent to 66.86 points and the HNXFF-Index, which is composed of stocks with a minimum free-float rate of 5 percent, closed at 67.01 points, 0.7 percent higher than the December 16 session.
The bourse's total value reached 344 billion VND (16.38 million USD) on the exchange of 43.1 million shares.
The HNX30-Index, composed of the capital city's top shares, gained 0.85 percent to 126.75 points.
According to FPT Securities, investors were showing caution about information regarding the restructuring of exchange traded funds (ETFs) this week, as these funds deleted holdings of many securities from their lists. Investors were also expecting business results at the end of the year.
Stock analysts at Bao Viet Securities forecast that buying and selling of ETFs would be strong on one or two of the final trading sessions of the week.-VNA
On the HCM City Exchange, the VN-Index advanced 0.72 percent to 505.67 points.
Cash flow returned to the blue chips on December 17 with 19 of the southern bourse's 30 largest stocks by capitalisation and liquidity adding value, however, caution remained.
The VN30-Index, composed of the 30 largest shares, edged up 0.89 percent to 565.94 points.
Only two stocks decreased on December 17, including Vietinbank (CTG) and logistics company Gemardebt (GMD), which each lost 100 VND (0.0049 USD) per share. Meanwhile, real estate giant Vingroup (VIC) rose 2,500 VND (0.11 USD) per share on December 17 to 70,000 VND (3.33 USD).
PetroVietnam Low Pressure Gas Distribution (PGD) and PetroVietnam Drilling (PVD) increased 3.6 percent to 37,400 VND (1.7 USD) per share and 2.5 percent to 61,500 VND (2.9 USD) per share, respectively.
Other advancers earned between 100 VND (0.0049 USD) to 600 VND (0.028 USD) per share, including Bao Viet Group (BVH), Hoa Sen Group (HSG), Hoa Phat Group (HPG), Hoang Anh Gia Lai (HAG), Masan Group (MSN), Vietcombank (VCB) and Ocean Group (OGC). Of note, the recovery of blue chips on December 17 was linked to net buying from the foreign investors.
Also, small caps were active on December 17 with FLC Group (FLC) leading the bourse, in terms of liquidity, with nearly 8 million shares traded.
Overall, 148 stocks increased, in comparison to 57 losing. More than 73.599 changed hands on the southern bourse on December 17, with a total value of 929.5 billion VND (44.26 million USD).
On the Hanoi Exchange, the HNX-Index was up 0.56 percent to 66.86 points and the HNXFF-Index, which is composed of stocks with a minimum free-float rate of 5 percent, closed at 67.01 points, 0.7 percent higher than the December 16 session.
The bourse's total value reached 344 billion VND (16.38 million USD) on the exchange of 43.1 million shares.
The HNX30-Index, composed of the capital city's top shares, gained 0.85 percent to 126.75 points.
According to FPT Securities, investors were showing caution about information regarding the restructuring of exchange traded funds (ETFs) this week, as these funds deleted holdings of many securities from their lists. Investors were also expecting business results at the end of the year.
Stock analysts at Bao Viet Securities forecast that buying and selling of ETFs would be strong on one or two of the final trading sessions of the week.-VNA
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