Domestic shares continue on upward trend

With continuing strong gains from February 12, shares advanced on both bourses on February 13, showing significant capital inflow, much to the dismay of investors who sold stocks on February 11.
With continuing strong gains from February 12, shares advanced on both bourses on February 13, showing significant capital inflow, much to the dismay of investors who sold stocks on February 11.

The trading volume and value remained at a high level as on previous trading days.

On the Ho Chi Minh City Stock Exchange, a total of more than 147 million shares changed hands, with trading value topping off at 2.286 trillion VND (106 million USD).

The VN-Index advanced 1.05 percent, regaining the 570-point level, to end at 570.18 points on February 13.

Although the selling pressure was strong as profits reached investors' expectations, the stable purchasing power and confidence of cash holders supported the benchmark index, according to FPT Securities.

Blue chips were mixed, with 17 codes climbing and nine codes declining.

PetroVietnam (PVT) increased 800 VND (0.038 USD) per share to reach its ceiling price of 13,200 VND (0.62 USD) and ranked second in the southern bourse by trading volume, with 7.94 million shares changing hands, coming in after Tan Tao Group (ITA).

PetroVietnam Gas (GAS) strongly increased on February 13, with a gain of 3,500 VND (0.16 USD) per share, after the company reported higher-than-expected net profits.

Other advancers included HCM City Infrastructure Investment Company (CII), Masan Group (MSN), Military Bank (MBB), and PetroVietnam Drilling (PVD). Vingroup (VIC) and Da Nang Rubber Corporation (DRC) also climbed.

Despite losses from Vinamilk (VNM), PetroVietnam Low-Pressure Gas Distribution (PGD), Hoa Sen Group (HSG), and Bao Viet Group (BVH), as well as PetroVietnam Fertilisers and Chemicals Corporation (DPM), the VN30-Index, tracking the 30 largest stocks by capitalisation and liquidity, jumped 0.62 percent to end at 641.73 points.

Blue chips posted huge gains on the Hanoi Stock Exchange, which also witnessed high liquidity.

With more than 85 million shares traded, the total trading value reached 813 billion VND (38.7 million USD).

The HNX-Index rose by 1.24 percent to reach 77.7 points, while the HNXFF-Index added 0.89 points to end at 76.72 points.

The HNX30-Index, including the capital city's top shares, advanced 1.97 percent to 153.24 points.-VNA

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