Petroleum, realty lead stock gains

Shares closed in the green on October 6 with the rise of realty and petroleum shares.
Shares closed in the green on October 6 with the rise of realty and petroleum shares.

At the Hochiminh Stock Exchange, the VN-Index added 0.47 percent to end at 614.42 points on a total turnover of nearly 2.9 trillion VND (136.7 million USD). The VN30 Index, representing the performance of the city's top 30 stocks, also rallied at 0.48 percent to 662.43 points. Only four of them declined while property developers Vingroup and Hoang Anh Gia Lai (HAG) continued to post positive growth.

Other real estate stocks that advanced include FLC Group (FLC), along with Sudico, Tu Liem Urban Development, 577 Corporation and Tan Tao (ITA). Also advancing were Binh Chanh, Licogi 16, Dat Xanh and Kinh Bac City. These stocks experienced high trading volumes on October 6, notably FLC with 14.1 million, ITA with nine million and HAG with 8.8 million shares.

Last week, the real estate market witnessed a series of deals. Vingroup bought 70 percent of retail chain Ocean Mart from Ocean Group (OGC) while Kinh Bac City signed a partnership with the Republic of Korea’s LG Electronics. Meanwhile, 577 Corporation announced it would sell project bonds to its Japanese partner, Creed Group.

On October 6, Vietnam's first exchange-traded fund began listing its certificate, E1VFVN30, and gained by two percent, finishing at 10,400 VND.

At the Hanoi Stock Exchange, the HNX-Index reached 90.93 points, increasing by 0.67 percent.

The value and volume of trades were 1 trillion VND (47.1 million USD) and nearly 75 million shares.

All indices on the exchange added value, with the HNX30, composed of the 30 largest companies in terms of capitalisation and liquidity, leading with an increase of one percent to 186.88 points.

Oil and gas shares also contributed to the gain of the northern market. BIDV Securities Company raised its review for shares of oil and gas, tire, fisheries, pharmaceutical and textile companies, with real estate and construction companies expecting to grow strongly in the fourth quarter.-VNA

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