Tuesday, August 22, 2017 - 0:51:06

VN-Index ends month on high note

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Shares closed the last trading day of May with mixed results, higher on Hochiminh Stock Exchange but lower on the northern bourse.

Analysts expect a more surprising June. According to FPT Securities, risks eased over the first half of this month, creating opportunities for investors to buy stocks.

The VN-Index gained by 3.57 points or as much as 0.64 percent to end at 562.02 points.

The upward trend was maintained for five consecutive days.

Large-cap stocks attracted foreign capital inflow, with the VN30-Index seen rising 0.49 to percent to land at 618 points.

There were 16 gainers and 10 losers.

Banking stocks posted gains yesterday, including Vietinbank (CTG), Military Bank (MBB), Sacombank (STB) and Vietcombank (VBC).

Other gainers included Vingroup (VIC) and Masan Group (MSN), which added 1,500 VND (0.071 USD) a share each.

Meanwhile, Bao Viet Holdings (BVH), Tan Tao Group (ITA), REE Corporation (REE) among seven others slightly dropped.

Overall, on the southern bourse, losers overwhelmed gainers by 128 – 91, however.

Investors were cautious on May 30 as the benchmark index was approaching the strong resistant band of 560 points, resulting in falling liquidity.

More than just 83 million shares were changing hands, worth 1.4 trillion VND (66.6 million USD).

FLC Group (FLC) led the bourse by trading volume, with 6.6 million shares traded.

On Hanoi Exchange, the HNX-Index extended the May 29 loss, closing 0.77 percent lower at 75.8 points on May 30.

The HNXFF-Index, composed of stocks with a minimum free float rate of 5 percent, lost 0.83 percent at 76.39 points.

On the northern bourse, losers outnumbered gainers by 116 – 91.

The HNX30-Index, tracking the top stocks by capitalisation and liquidity, ended at 152.13 points, 0.87 percent lower.

Trading volume and value declined over previous trading sessions, with 50.6 million shares traded worth 497.2 billion VND (23.6 million USD).

Foreign investors purchased a net 250 billion VND (11.3 million USD) with focus on large-cap stocks, especially Masan Group (MSN) and PetroVietnam Gas Corporation (GAS).-VNA
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