Securities stocks boost national indices

The sudden activeness of securities stocks during the last minutes of the afternoon trading helped the benchmark indices advance on both the national stock exchanges on June 6.
The sudden activeness of securities stocks during the last minutes of the afternoon trading helped the benchmark indices advance on both the national stock exchanges on June 6.

Securities stocks became the market's highlight on the day after it was announced that securities companies will be the first to be allowed to increase foreign stakes.

Sai Gon Securities (SSI) rose by 6.9 percent to its ceiling price of 24,900 VND (1.18 USD) per share.

Agribank Securities (AGR), HCM City Securities (HCM) and BIDV Securities (BSI) also advanced by 6.2 percent, 7 percent and 6.5 percent, respectively, to close at their ceiling prices.

On HCM Stock Exchange, the VN-Index added 7.94 points or as much as 1.44 percent to end at 559.04 points. The strong resistance band of 600 points will be challenged next week.

However, the trading volume and value remained at a low level. More than 60.8 million shares changed hands yesterday, worth 850 billion VND (40.4 million USD).

As many as 165 codes were adding value while 57 codes dropped.

The VN30-Index, tracking the performance of the southern bourse's 30 largest stocks by capitalisation and liquidity, advanced 1.14 percent to end at 608.48 points, with 22 gainers.

Among these, only Kinh Do Corporation (KDC) posted loss, falling by 1.7 percent.

Banking stocks also advanced, including Vietcombank (VCB), Sacombank (STB), Eximbank (EIB) and Military Bank (MBB).

Other advancers included Bao Viet Holdings (BVH), which added 4 percent or 1,500 VND (0.071 USD) per share, Hoa Phat Group (HPG) and FPT Group (FPT), which rose by 2.9 percent and 1.8 percent, respectively.

Stocks of the real estate sector were also active. FLC group (FLC) rose 4.8 percent and led the southern bourse by trading volume with 9.62 million shares changing hands, followed by Hoang Quan Corporation (HQC).

Securities stocks were also the most active on the Hanoi Exchange.

Many securities stocks advanced to their ceiling prices, including Kim Long Securities (KLS), Bao Viet Securities (BVS) and VN Direct Securities (VND). These stocks were heavily traded by foreign investors.
The VN-Index jumped by 1.82 percent to close at 75.85 points while the HNXFF-Index closed 1.85 percent higher at 76.53 points.

The HNX30-Index, tracking the top stocks, advanced 3.14 percent to land at 152.88 points.

The trading volume and value slightly improved over the previous sessions, with 46.5 million shares traded worth 428 billion VND (20.3 million USD).

Foreign investors boosted net purchase on the northern bourse, with the net volume and net value rising by 191.59 percent to 2.29 billion shares and 114.79 percent to 30.35 billion USD (14.4 million USD), respectively, over the previous trading session.

On both bourses, the net figures were 2.8 million shares and 36.2 billion VND (1.72 million USD), rising 101 percent and 51 percent over June 5.-VNA

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