Liquidity fell slightly from January 10, but remained high with a total of 402.5 million shares being traded. Illustrative image (Photo: ndh.vn) Hanoi (VNA) - The VN-Index made gains for the fourth straight day on strong capital inflow, but analysts warn of a possible profit-taking correction on January 12.
On the HCM Stock Exchange, the VN-Index rose 0.97 percent to close at 1,048.17 points on January 11, lifting the four-day gain to 3.5 percent.
Meanwhile, the HNX-Index on the Hanoi Stock Exchange ended up 0.75 percent higher at 122.84 points after a slight decline on January 10.
Market breadth was positive when rising shares outnumbered losers by 263-218. Other 244 closed flat.
According to BIDV Securities Co (BSC), strong cash is flowing into small and medium stocks. This pushed up the VN-Index, despite profit-taking selling in large-cap groups.
“Cash flow focusing on the VN30 was trending to spread outside the market," BSC’s analysts wrote in a daily market review. "Stocks supported by positive information are attracting attention.”.
Large caps remained in uptrend but division was taking place when the number of stocks in the VN30 basket (which tracks the top 30 largest shares by market value and liquidity on the HCM Stock Exchange) increased to 11 in contrast to 15 rising stocks.
Banks continued to lead the uptrend with all 11 listed lenders gained value of which the Big Four – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and VPBank (VPB) – increased by 0.6-1.6 percent each.
Smaller banks posted higher growth such as Sai Gon-Hanoi Bank (SHB), up 9.2 percent; newly-listed HDBank (HDB), up 5.5 percent; and Sacombank (STB), up 4.2 percent.
Among big losers were Vinamilk (VNM), Saigon Securities Inc (SSI), Mobile World Investment Group (MWG), PetroVietnam Drilling and Wells Service (PVD) and Coteccons Construction (CTD) and Kido Group (KDC) down 0.2-2.7 percent each.
Liquidity decreased slightly from the figures recorded on January 10 but remained high with a total of 402.5 million shares worth 9.13 trillion VND (400.6 million USD) being traded in the two markets, down 13 percent in both trading volume and value.
Foreign investors continued to trade heavily on the HCM City’s exchange, picking up net buy value of 488 billion VND, while their net buy value in Hanoi’s market was modest at just 10.8 billion VND.-VNA
On the HCM Stock Exchange, the VN-Index rose 0.97 percent to close at 1,048.17 points on January 11, lifting the four-day gain to 3.5 percent.
Meanwhile, the HNX-Index on the Hanoi Stock Exchange ended up 0.75 percent higher at 122.84 points after a slight decline on January 10.
Market breadth was positive when rising shares outnumbered losers by 263-218. Other 244 closed flat.
According to BIDV Securities Co (BSC), strong cash is flowing into small and medium stocks. This pushed up the VN-Index, despite profit-taking selling in large-cap groups.
“Cash flow focusing on the VN30 was trending to spread outside the market," BSC’s analysts wrote in a daily market review. "Stocks supported by positive information are attracting attention.”.
Large caps remained in uptrend but division was taking place when the number of stocks in the VN30 basket (which tracks the top 30 largest shares by market value and liquidity on the HCM Stock Exchange) increased to 11 in contrast to 15 rising stocks.
Banks continued to lead the uptrend with all 11 listed lenders gained value of which the Big Four – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and VPBank (VPB) – increased by 0.6-1.6 percent each.
Smaller banks posted higher growth such as Sai Gon-Hanoi Bank (SHB), up 9.2 percent; newly-listed HDBank (HDB), up 5.5 percent; and Sacombank (STB), up 4.2 percent.
Among big losers were Vinamilk (VNM), Saigon Securities Inc (SSI), Mobile World Investment Group (MWG), PetroVietnam Drilling and Wells Service (PVD) and Coteccons Construction (CTD) and Kido Group (KDC) down 0.2-2.7 percent each.
Liquidity decreased slightly from the figures recorded on January 10 but remained high with a total of 402.5 million shares worth 9.13 trillion VND (400.6 million USD) being traded in the two markets, down 13 percent in both trading volume and value.
Foreign investors continued to trade heavily on the HCM City’s exchange, picking up net buy value of 488 billion VND, while their net buy value in Hanoi’s market was modest at just 10.8 billion VND.-VNA
VNA
