Khuyến nghị hấp dẫn

Shares rise in HCMC, fall in HN

Investors follow stock movements at FPT Securities Company (FPTS) in Hàn Thuyên Street in Hà Nội. — VNS Photo Trương Vị

HÀ NỘI — Shares rose for the fourth consecutive session on the HCM Stock Exchange on Tuesday with an improvement in liquidity, largely on the strength of a handful of individual blue-chips.

The benchmark VN-Index on the HCM Stock Exchange was up 0. 七0 per cent to close at  九 五 六. 三 九 points, making a four-session gain of  三. 一 per cent.

Meanwhile, the HNX Index on the Hà Nội Stock Exchange dropped 0. 五 六 per cent to end at  一0 六. 一 六 points, reversing its three-session increase of  三.0 per cent.

Market trading liquidity showed improvement with some  二 八 二. 五 million shares traded on the two local exchanges, worth VNĐ 五. 一 trillion (US$ 二 二 三 million).

Market trading conditions were quite positive on Tuesday, with  二0 八 declining stocks against  二 二 五 gainers, while  三0 九 other stocks remained unchanged.

Cash flow drove up  一 三 of the  二0 sectors on the stock market. Key industries that saw share prices increase included banking-financial, securities and insurance, data on vietstock.vn showed.

The VN 三0 Index, which tracks the  三0 largest shares by market capitalisation, was up 0. 五 一 per cent to end at  九 四 四. 三 八 points.

Bank stocks were the darlings of the market on Tuesday, with Vietcombank (VCB) and Techcombank (TCB) rising  二. 一 per cent and  六. 六 per cent, respectively, driving the whole market up.

Three giants in the securities sector, Sài Gòn Securities Incorporation (SSI), Ho Chi Minh City Securities Corporation (HCM) and VNDirect Securities Corporation (VND), also saw their share prices climb.

Many other individual large-cap stocks such as insurer Bảo Việt Holdings (BVH), Viet Nam National Petroleum Group (PLX), real estate developer Novaland (NVL) and Masan Group (MSN), also increased strongly and helped maintain the upward trend of the VN-Index.

BVH has just announced positive business results with six-month consolidated revenue estimated at VNĐ 二0. 八 trillion, up  三 八 per cent year-on-year. Blue-chip stocks such as Petro Vietnam Gas JSC (GAS), FLC Faros Construction Joint Stock Company (ROS), Saigon Securities Incorporation (SSI) and Vincom Retail (VRE) also maintained their rally.

According to Bảo Việt Securities, the market ended on a positive note Tuesday amid improved liquidity and large-cap stocks’ rising momentum. However, if the trade in penny stocks fails to remain active, trading volume could quickly decrease in the next sessions.

“The market will still experience a divergence among groups of stocks and the VN-Index may slightly drop when it approaches the  九 六0- 九 六 二 zone. Aggressive buying at all costs is unnecessary at present,” BVSC said in its daily report.

The UPCOM Index on the Unlisted Public Company Market (UPCoM) gained 0. 三 八 per cent to finish Tuesday at  五0. 四 八 points. It had risen 0. 六 二 per cent on Monday. — VNS