Shares rise slightly on large-cap recovery

Investors at a stock trading session. (Photo: vnexpress.net)

Hanoi (VNA) – Shares rose slightly on the two national stock exchanges on November 15 as many large-cap stocks rebounded following the losing streak caused by uncertainty surrounding the newly-elected US president’s policies.

The benchmark VN-Index, the measure of 314 stocks on the HCM Stock Exchange, edged up 0.2 percent at 674.3 points. It decreased 0.9 percent on November 14.

On the Hanoi Stock Exchange, the HNX-Index, which tracks 377 stocks, recouped November 14’s loss by bouncing 0.3 percent at 81.1 points. It was down 0.3 percent in the previous session.

Large-cap stocks recovered. Of the top 30 largest shares by market capitalization, 17 advanced while only six tumbled.

Gainers included insurer Bao Viet Holdings (BVH), Masan Group (MSN), PV Gas (GAS), software producer FPT (FPT), PetroVietnam Drilling and Wells Services (PVD) and Saigon Securities Inc (SSI).

On the other end of spectrum, several high valued stocks such as dairy giant Vinamilk (VNM), real estate developer VinGroup (VIC), Military Bank (MBB) and Mobile World Group (MWG) continued to fall under heavy foreign selling pressure. 

The foreign sector continued to be net sellers on the HCM Stock Exchange on November 15, responsible for a net sell value of 121 billion VND )5.4 million USD). This came after they sold a net value of 272 billion VND on November 14.

By contrast, foreigners concluded the session as net buyers in Hanoi’s market, with a modest net buy value of nearly 10 billion VND.

A total of 152 million shares worth 2.6 trillion VND were traded in the two markets, down 4.8 percent in volume and 7.2 percent in value compared to the previous session.-VNA