Trading value hits seven-session high

By Dat Nguyen   September 1, 2021 | 02:47 am PT
Trading value hits seven-session high
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran
VN-Index rose 0.24 percent to 1,334.65 points Wednesday, its fourth session in the green, with trading value highest since Aug. 24.

The index rose 3 points before the market closes in the next two days in observance of Vietnam’s National Day. It has risen nearly 34 points in the last four sessions.

Trading value on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, rose 7 percent to VND24.49 trillion ($1.07 billion).

Investors, however, continued to show doubt in blue chip stocks with 15 tickers ending in the red compared to 10 gainers.

PDR of Phat Dat Real Estate Development fell 2.5 percent after gaining three sessions in a row.

MSN of conglomerate Masan Group lost 1.3 percent while continuing sideways.

HDB of HDBank fell 1.2 percent, and KDH of real estate firm Khang Dien House, 1.1 percent.

Of the gainers, POW of electricity producer Petrovietnam Power Corporation shot up 5.1 percent to the highest level since June 22.

GVR of Vietnam Rubber Group rose 3.5 percent, its fifth straight gaining session, hitting a new peak.

PLX of fuel distributor Petrolimex and VRE of retail real estate arm Vincom Retail both increased by 2.2 percent.

Foreign investors were net sellers for the sixth straight session to the tune of VND630 billion, with strongest pressure on MSN and VHM of real estate giant Vinhomes.

The HNX-Index for stocks on the Hanoi Stock Exchange, home to mid and small caps, rose 0.18 percent while the UPCoM-Index for the Unlisted Public Companies Market gained 0.26 percent.

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