Business

Oil down, steel up, stocks mixed

Two bourses posted mixed results on June 10 while foreign investors enhanced their buying in the local market.
Oil down, steel up, stocks mixed ảnh 1Illustrative Image (Source: VNA)

Hanoi (VNA) - Two bourses posted mixed results on June 10 while foreign investors enhanced their buying in the local market.

Ending the day, the HCM Stock Exchange (HoSE) recorded 109 advancers and 11 decliners, the VN-index lost 1.42 points or 0.22 percent to close at 629.84 points while the Hanoi Stock Exchange (HNX) with 119 advancers and 94 decliners, also rose 0.21 points or 0.25 percent to reach 629.84 points.

Trading volume on the two exchanges surpassed 190 million shares, worth over 3 trillion VND (133 million USD).

After June 6’s gains, oil and gas stocks of PetroVietnam Gas Corp (GAS), PetroVietnam Drilling and Well Service Corp (PVD), PetroVietnam Technical Services Corp (PVS) and PetroVietnam Coating Corp (PVB) lost about 2 percent each on June 10.

The highlight of the day was the rise of stocks with small and medium capital.

Securities stocks of HCM City Securities Corporation (HCM), Saigon Securities Inc (SSI) and Bao Viet Securities Company (BVS) gained about 1 percent each.

Most sugar stocks rose slightly yesterday, too. In particular, after Thanh Cong Tay Ninh Sugar JSC (SBT) registered to sell 21 million BHS shares or 17 percent stakes of Bien Hoa Sugar JSC, its shares rose more than 2 percent.

Steel producers Hoa Phat Group (HPG) and Hoa Sen Group (HSG) continued growing while shares of smaller producer of Tien Len Steel JSC (TLH) rose nearly five percent thanks to good business result in the first five months.

Meanwhile blue chips also ended mixed on June 10, Bank for Foreign Trade of Vietnam (VCB), Bao Viet Holdings (BVH), and Masan Group (MSN) experienced gain while others of Vinamilk (VNM), GAS and PVD saw losses.

Realty stocks of Vingroup JSC (VIC), Kinh Bac City Development Share Holding Corp (KBC) and FLC Group (FLC) lost around one percent each on HoSE.

Cash flow on HoSE mostly went to FLC Group JSC (FLC), Hoang Huy Investment Services Joint Stock Company (HHS), Military Commercial Joint Stock Bank (MBB), PetroVietnam Drilling & Well Services Corporation (PVD), Quang Nam Rubber Investment JSC (VHG), JSC Bank For Investment And Development Of Vietnam (BID), and HPG.

While the cash flow of HNX went to Saigon Thương Tin Real Estate JSC (SCR), Dau Chau Group Joint Stock Company (DCS), Vietnam Construction And Import-Export Joint Stock Corporation (VCG), PetroVietnam Technical Services Corporation (PVS), Ha Noi – Kinh Bac Agriculture and Food JSC (HKB).

According to FPT Securities daily report, despite the decrease of VN-Index, strong foreign trading continued on June 10, a three day of consecutive buying with the biggest value since April 22. On HoSE, foreign net buying volume reached 9.85 million shares, worth 194 billion VND (8.7 million USD), an increase of 92.3 percent in volume and 47.7 percent in value from June 6’s session.

On HNX, foreign net buying reached nearly 400,000 shares, worth over 15 billion VND, an increase of 107 percent in volume and 134 per cent in value, the report said.-VNA

VNA
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