Large-cap stocks push up City bourse
Shares rose for the second session on the Hochiminh Stock Exchange but continued their retreat in Hanoi on October 21.
Shares rose for the second session on the Hochiminh Stock Exchange but continued their retreat in Hanoi on October 21.
The VN-Index on the southern bourse jumped 1.92 percent to 600.55 points. Market turnover increased 20 percent over the day before October 21 to nearly 1.8 trillion VND (84.9 million USD) as investors bought and sold 87.1 million shares.
The VN30 Index, representing the performance of the 30 largest stocks in terms of capitalisation and liquidity, advanced 0.9 percent to end at 633.81 points, mostly thanks to the gains of Kinh Do Confectionery (KDC), up 3.5 percent, PetroVietnam Drilling Services (PVD) and real estate giant Vingroup (VIC), both up four percent.
Meanwhile, six codes saw slight decreases in their value.
The VN-Index was moving around its resistance of 600 points, and some indicators showed that it could rally in the short term, said Bao Viet Securities Co's technical analyst Tran Xuan Bach.
Meanwhile, the company's strategy analyst Tran Duc Anh recommended investors buy shares of profitable securities, real estate and exporting firms.
"With the plunge of world oil prices, oil and gas companies are not recommended," he added.
On the Hanoi Stock Exchange, the HNX-Index reached 87 points, declining 0.32 percent.
The caution of traders prevailed, limiting money to the market. The trading value fell 22 percent to 626.6 billion VND (29.5 million USD) on a total volume of 45.7 million shares.
The HNX30 Index, comprising the top 30 blue chips, also shed 0.32 percent to reach 173.34 points.
However, financial stocks in the northern market outpaced to rally. The financial share index rose 0.26 percent.
Foreign investors continued to be net sellers in terms of value. They widen their net by 27.6 percent to 62.4 billion VND (2.9 million USD).-VNA
The VN-Index on the southern bourse jumped 1.92 percent to 600.55 points. Market turnover increased 20 percent over the day before October 21 to nearly 1.8 trillion VND (84.9 million USD) as investors bought and sold 87.1 million shares.
The VN30 Index, representing the performance of the 30 largest stocks in terms of capitalisation and liquidity, advanced 0.9 percent to end at 633.81 points, mostly thanks to the gains of Kinh Do Confectionery (KDC), up 3.5 percent, PetroVietnam Drilling Services (PVD) and real estate giant Vingroup (VIC), both up four percent.
Meanwhile, six codes saw slight decreases in their value.
The VN-Index was moving around its resistance of 600 points, and some indicators showed that it could rally in the short term, said Bao Viet Securities Co's technical analyst Tran Xuan Bach.
Meanwhile, the company's strategy analyst Tran Duc Anh recommended investors buy shares of profitable securities, real estate and exporting firms.
"With the plunge of world oil prices, oil and gas companies are not recommended," he added.
On the Hanoi Stock Exchange, the HNX-Index reached 87 points, declining 0.32 percent.
The caution of traders prevailed, limiting money to the market. The trading value fell 22 percent to 626.6 billion VND (29.5 million USD) on a total volume of 45.7 million shares.
The HNX30 Index, comprising the top 30 blue chips, also shed 0.32 percent to reach 173.34 points.
However, financial stocks in the northern market outpaced to rally. The financial share index rose 0.26 percent.
Foreign investors continued to be net sellers in terms of value. They widen their net by 27.6 percent to 62.4 billion VND (2.9 million USD).-VNA
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