VN-Index passes 600 point benchmark
The VN-Index finally surpassed the psychological landmark of 600 points
on July 2, adding 14 points, or 2.4 percent, to close session at 605.70
points.
The VN-Index finally surpassed the psychological landmark of 600 points
on July 2, adding 14 points, or 2.4 percent, to close session at 605.70
points.
Strong growth of blue chips helped boost other stocks in the HCM City's market, with advancers overwhelming decliners by 158-63 by the end of the session.
Up to 27 of a total 30 shares in the VN30, which tracks the top 30 shares by market value and liquidity on the HCM Stock Exchange, gained value. Twenty stocks increased by more than one percent.
The VN30 ended 1.66 percent higher at 633.28 points.
Bank stocks continued to lead the uptrend. The biggest stock in terms of market capitalisation Vietcombank (VCB) and BIDV (BID) hit the ceiling price which was capped at 7 percent a day while other lenders, including Vietinbank (CTG), Military Bank (MBB), Eximbank (EIB) and Sacombank (STB), climbed 2.7-5.3 percent.
Other major blue chips, such as Masan Group (MSN), VinGroup (VIC), Bao Viet Holdings (BVH), PV Gas (GAS) and Saigon Securities Inc (SSI), also rose substantially.
Overall liquidity was little changed over the previous session, however, almost 137 million shares worth 2.25 trillion VND (103.2 million USD) changed hands.
Without support information, Viet Nhat Medical Instrument Co (JVC) surprised the market to become the most heavily-traded share. Almost 12 million changed hands. The price also soared to the ceiling at 8,100 VND a share.
FLC Group (FLC) closely followed with 11 million shares traded, closing flat at 8,600 VND each.
On the Hanoi Stock Exchange, the HNX-Index also edged up 1.77 percent to finish at 86.76 points. The HNX30 went up 0.41 percent to conclude at 164.46 points.
Bank shares were also the main support here as Asia Commercial Bank (ACB) and Saigon-Hanoi Bank (SHB) advanced 3.7 percent and 4.8 percent, respectively. SHB was also the most active code with 6.8 million shares.
"Investor confidence grew amidst the bright prospects and cash continued to be pumped into the equity market," analysts at FPT Securities Co wrote on the company's website.
Both market volume and value increased 10 percent over July 1, totalling more than 45 million shares worth 567 billion VND (26 million USD).
The foreign sectors remained net buyers in the HCM City's market, picking up another 80.8 billion VND (7.4 million USD) worth of shares, but they began to unload shares on the Hanoi bourse, responsible for a net sell value of 4.4 billion VND (202,000 USD).-VNA
Strong growth of blue chips helped boost other stocks in the HCM City's market, with advancers overwhelming decliners by 158-63 by the end of the session.
Up to 27 of a total 30 shares in the VN30, which tracks the top 30 shares by market value and liquidity on the HCM Stock Exchange, gained value. Twenty stocks increased by more than one percent.
The VN30 ended 1.66 percent higher at 633.28 points.
Bank stocks continued to lead the uptrend. The biggest stock in terms of market capitalisation Vietcombank (VCB) and BIDV (BID) hit the ceiling price which was capped at 7 percent a day while other lenders, including Vietinbank (CTG), Military Bank (MBB), Eximbank (EIB) and Sacombank (STB), climbed 2.7-5.3 percent.
Other major blue chips, such as Masan Group (MSN), VinGroup (VIC), Bao Viet Holdings (BVH), PV Gas (GAS) and Saigon Securities Inc (SSI), also rose substantially.
Overall liquidity was little changed over the previous session, however, almost 137 million shares worth 2.25 trillion VND (103.2 million USD) changed hands.
Without support information, Viet Nhat Medical Instrument Co (JVC) surprised the market to become the most heavily-traded share. Almost 12 million changed hands. The price also soared to the ceiling at 8,100 VND a share.
FLC Group (FLC) closely followed with 11 million shares traded, closing flat at 8,600 VND each.
On the Hanoi Stock Exchange, the HNX-Index also edged up 1.77 percent to finish at 86.76 points. The HNX30 went up 0.41 percent to conclude at 164.46 points.
Bank shares were also the main support here as Asia Commercial Bank (ACB) and Saigon-Hanoi Bank (SHB) advanced 3.7 percent and 4.8 percent, respectively. SHB was also the most active code with 6.8 million shares.
"Investor confidence grew amidst the bright prospects and cash continued to be pumped into the equity market," analysts at FPT Securities Co wrote on the company's website.
Both market volume and value increased 10 percent over July 1, totalling more than 45 million shares worth 567 billion VND (26 million USD).
The foreign sectors remained net buyers in the HCM City's market, picking up another 80.8 billion VND (7.4 million USD) worth of shares, but they began to unload shares on the Hanoi bourse, responsible for a net sell value of 4.4 billion VND (202,000 USD).-VNA
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