Stock trading value hits new record

By Dat Nguyen   June 4, 2021 | 01:15 am PT
Stock trading value hits new record
An investor looks at stock prices on a laptop at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
Vietnam’s benchmark VN-Index rose 0.72 percent to 1,374.05 points Friday, its sixth session in the green, with trading value surging to a new peak.

The index remained mostly in the green throughout the day and closed with a near 10-point gain. It has gained over 70 points, or 5.4 percent, in the last six sessions.

Trading value rose 6.8 percent to VND31.3 trillion ($1.35 billion), in which matching orders accounted for VND29.1 trillion, a new record.

The VN30 basket, comprising the 30 largest capped stocks, saw 15 tickers in the green led by VRE of retail real estate arm Vincom Retail, up 5.6 percent. This is the ticker’s biggest gain in a day since mid-February.

PDR of Phat Dat Real Estate Development followed with a 4.5 percent gain to a new peak. It has risen 95 percent this year.

BVH of insurance company Bao Viet Holdings rose 4 percent and GAS of state-owned Petrovietnam Gas gained 3.5 percent.

On the losing side, STB of Ho Chi Minh City-based lender Sacombank fell 1.8 percent, followed by VCB of state-owned lender Vietcombank, down 1.7 percent.

VIC of biggest private conglomerate Vingroup was the biggest contributor to VN-Index’s gain this session, pushing it up by 2.3 points, while VCB pulled it down by 1.8 points.

Foreign investors were net sellers for the third session in a row to the tune of VND1.49 trillion, highest in the last four sessions. Strongest pressure was seen on MBB of Military Bank and HPG of steelmaker Hoa Phat Group.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, fell 0.06 percent while the UPCoM-Index for the Unlisted Public Companies Market fell 0.09 percent.

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