Stocks climb on stronger buys
Stocks extended rallies on October 2 on the two stock exchanges,
driven by stronger buys from both domestic and foreign investors.
Stocks extended rallies on October 2 on the two stock exchanges,
driven by stronger buys from both domestic and foreign investors.
On the Hochiminh Stock Exchange, the VN-Index added 0.56 percent to close the session at 612.66 points.
Three of the biggest four stocks with the highest market value lost value, but other blue chips advanced, supporting the market.
PV Gas (GAS), Masan Group (MSN) and VinGroup (VIC) retreated from 0.9-1.2 percent, but others like Vinamilk (VNM), Kinh Bac City Development (KBC), Bao Viet holdings (BVH), Hoang Anh Gia Lai Co (HAG), Ocean Group (OGC), Saigon Securities Inc (SSI) and HCM Securities Co (HCM) rose substantially.
Trading on these shares was also good with over 100 billion VND (4.7 million USD) were poured on KBC, SSI, HAG and OGC.
The VN30 which tracks the top 30 shares by market value and liquidity, ended 0.7 percent higher at 659.64 points.
Liquidity remained high with 180 million shares worth 3.256 trillion VND (154.3 million USD) being traded by the end of the session.
FLC concluded as the most active code on total trades of 14.2 million shares, closing unchanged at 12,200 VND per share.
Foreign investors were still the net buyers on the HCM City market, picking up shares worth 78.62 billion VND (3.7 million USD).
On the Hanoi Stock Exchange, the HNX-Index also rose above 90 points, adding 0.59 percent to finish the session at 90.26 points.
Securities companies were the momentum in the capital as most shares of this group gained value, including Kim Long Securities Co (KLS), up 2.33 percent; SHB Securities Co (SHS), up 2.34 percent; VNDirect Securities Co (VND), up 1.81 percent; and Bao Viet Securities (BVS), up 1.86 percent.
Increased buys of domestic investors pushed the market volume up 25 percent over the previous session, totalling more than 103 million shares, worth 1.368 trillion VND (64.8 million USD), up 20 percent in value compared with October 1.
PetroVietnam Construction Corp (PVX) secured the position of the most active share with 18 million traded, but the share price slid 2.95 percent to end at 6,700 VND a share.
Foreign investors were also net buyers here, responsible for a net buy value of 8.15 billion VND (386,300 USD).-VNA
On the Hochiminh Stock Exchange, the VN-Index added 0.56 percent to close the session at 612.66 points.
Three of the biggest four stocks with the highest market value lost value, but other blue chips advanced, supporting the market.
PV Gas (GAS), Masan Group (MSN) and VinGroup (VIC) retreated from 0.9-1.2 percent, but others like Vinamilk (VNM), Kinh Bac City Development (KBC), Bao Viet holdings (BVH), Hoang Anh Gia Lai Co (HAG), Ocean Group (OGC), Saigon Securities Inc (SSI) and HCM Securities Co (HCM) rose substantially.
Trading on these shares was also good with over 100 billion VND (4.7 million USD) were poured on KBC, SSI, HAG and OGC.
The VN30 which tracks the top 30 shares by market value and liquidity, ended 0.7 percent higher at 659.64 points.
Liquidity remained high with 180 million shares worth 3.256 trillion VND (154.3 million USD) being traded by the end of the session.
FLC concluded as the most active code on total trades of 14.2 million shares, closing unchanged at 12,200 VND per share.
Foreign investors were still the net buyers on the HCM City market, picking up shares worth 78.62 billion VND (3.7 million USD).
On the Hanoi Stock Exchange, the HNX-Index also rose above 90 points, adding 0.59 percent to finish the session at 90.26 points.
Securities companies were the momentum in the capital as most shares of this group gained value, including Kim Long Securities Co (KLS), up 2.33 percent; SHB Securities Co (SHS), up 2.34 percent; VNDirect Securities Co (VND), up 1.81 percent; and Bao Viet Securities (BVS), up 1.86 percent.
Increased buys of domestic investors pushed the market volume up 25 percent over the previous session, totalling more than 103 million shares, worth 1.368 trillion VND (64.8 million USD), up 20 percent in value compared with October 1.
PetroVietnam Construction Corp (PVX) secured the position of the most active share with 18 million traded, but the share price slid 2.95 percent to end at 6,700 VND a share.
Foreign investors were also net buyers here, responsible for a net buy value of 8.15 billion VND (386,300 USD).-VNA
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