Focus on mid-cap shares lifts market
Growth weakened towards the end of June 4 session but liquidity climbed as traders focused money on mid-cap shares.
Growth weakened towards the end of June 4 session but liquidity climbed as traders focused money on mid-cap shares.
On the HCM City Stock Exchange, the VN-Index inched up 0.19 percent to close at 568.99 points while the VN30 which tracks the top 30 shares by market value and liquidity rose by a more substantial 0.32 percent to end at 587.48 points.
Blue chips continued to prop up the market although bank stocks extended losses on profit taking.
Lenders like Vietinbank (CTG) and Sacombank (STB) lost ground but other large-cap stocks like VinGroup (VIC), Vinamilk (VNM), Bao Viet Holdings (BVH), and Hoang Anh Gia Lai Co (HAG), apart from FPT Corp (FPT), Hoa Phat Group (HPG) and Gemadept (GMD) increased strongly.
"Investor confidence was heightened as cash flows continued to be channelled into the equity market," analysts at FPT Securities Co wrote on their website on June 3.
Almost 114 million shares worth 1.95 trillion VND (nearly 90 million USD) were traded by the end of the session. Investments focussed on mid caps, pushing 30 stocks of this group up at the ceiling price while other 120 shares saw growth of over 2 percent.
HCM City Infrastructure Investment Co (CII) continued to top the market's trade with 10.6 million shares changing hands. Its price soared 5.26 percent to settle at 22,000 VND (1.01 USD) a share.
On the Hanoi Stock Exchange, the HNX-Index sustained growth of over 1.1 percent, concluding the session at 84.89 points.
The market condition was positive as the gainers outnumbered the losers by 113-86 and 162 ended flat. 21 stocks hit the ceiling while nearly 20 codes saw trades of over 1 million shares.
The trading volume increased 10 percent over June 2 to reach 65.5 million shares but value of trades was slightly lower at 771 billion VND (35.5 million USD).
Saigon Thuong Tin Real Estate Co (SCR) was the most active code in Hanoi on June 3 with 7.6 million shares traded, surging 8.7 percent to close at 7,500 VND a share.
Foreigners remained net sellers in the HCM City's market, offloading shares worth 25.7 billion VND (1.2 million USD), but they continued to buy in the Hanoi's market, responsible for a net buy of nearly 28 billion VND (1.3 million USD).-VNA
On the HCM City Stock Exchange, the VN-Index inched up 0.19 percent to close at 568.99 points while the VN30 which tracks the top 30 shares by market value and liquidity rose by a more substantial 0.32 percent to end at 587.48 points.
Blue chips continued to prop up the market although bank stocks extended losses on profit taking.
Lenders like Vietinbank (CTG) and Sacombank (STB) lost ground but other large-cap stocks like VinGroup (VIC), Vinamilk (VNM), Bao Viet Holdings (BVH), and Hoang Anh Gia Lai Co (HAG), apart from FPT Corp (FPT), Hoa Phat Group (HPG) and Gemadept (GMD) increased strongly.
"Investor confidence was heightened as cash flows continued to be channelled into the equity market," analysts at FPT Securities Co wrote on their website on June 3.
Almost 114 million shares worth 1.95 trillion VND (nearly 90 million USD) were traded by the end of the session. Investments focussed on mid caps, pushing 30 stocks of this group up at the ceiling price while other 120 shares saw growth of over 2 percent.
HCM City Infrastructure Investment Co (CII) continued to top the market's trade with 10.6 million shares changing hands. Its price soared 5.26 percent to settle at 22,000 VND (1.01 USD) a share.
On the Hanoi Stock Exchange, the HNX-Index sustained growth of over 1.1 percent, concluding the session at 84.89 points.
The market condition was positive as the gainers outnumbered the losers by 113-86 and 162 ended flat. 21 stocks hit the ceiling while nearly 20 codes saw trades of over 1 million shares.
The trading volume increased 10 percent over June 2 to reach 65.5 million shares but value of trades was slightly lower at 771 billion VND (35.5 million USD).
Saigon Thuong Tin Real Estate Co (SCR) was the most active code in Hanoi on June 3 with 7.6 million shares traded, surging 8.7 percent to close at 7,500 VND a share.
Foreigners remained net sellers in the HCM City's market, offloading shares worth 25.7 billion VND (1.2 million USD), but they continued to buy in the Hanoi's market, responsible for a net buy of nearly 28 billion VND (1.3 million USD).-VNA
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