VnExpress International
The most read Vietnamese newspaper
Contact us |
Follow us on       

VN-Index starts off week with surge

By Hung Le   November 2, 2020 | 02:37 am PT
VN-Index starts off week with surge
An investor looks at stock prices on the screens at a brokerage in Ho Chi Minh City. Photo by VnExpress/Huu Khoa.
The VN-Index soared 0.89 percent to 933.68 points Monday, with non-blue chips carrying gains on the market this session.

The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, this session was a sea of green with 304 stocks rising and 127 falling, of which 13 hit their ceiling prices, the highest they could go in a trading session.

Total trading volume was at its lowest in a month, at VND5.34 trillion ($229.83 million), whereas in October daily liquidity was consistently around VND8 trillion to VND9 trillion. Over half of cash flow this session went towards stocks outside the VN30 basket of the HoSE’s 30 largest caps.

The VN30-Index for this basket gained less than the general market, at 0.75 percent, on which 20 blue chips gained while seven lost.

Vietnam’s three largest state-owned lenders by assets were some of the best performers this session, with CTG of VietinBank surging 4.8 percent, VCB of Vietcombank 3.4 percent, and BID of BIDV rising 1 percent.

MBB of state-owned mid-sized lender Military Bank was also up by 1.1 percent.

Stocks of the private banking sector also performed positively. STB of Sacombank added 1.1 percent, HDB of HDBank and VPB of VPBank both climbed 0.8 percent, TCB of Techcombank edged up 0.2 percent while EIB of Eximbank kept its opening price.

Other major gainers included VJC of budget carrier Vietjet Air, up 3.7 percent, PNJ of jewelry retailer Phu Nhuan Jewelry, up 2.9 percent, ROS of construction firm FLC Faros, with 2.3 percent, and MWG of electronics retailer Mobile World, with 1.6 percent.

Results were mixed for the food and beverage sector. SAB of major brewer Sabeco grew 0.7 percent, MSN of food conglomerate Masan Group added 0.6 percent, SBT of agricultural products exporter TTC-Sugar remained flat, while VNM of dairy giant Vinamilk shed 0.4 percent.

VIC of private conglomerate Vingroup, HoSE’s largest cap, kept its opening price. VHM of its real estate subsidiary Vinhomes lost 0.1 percent, while VRE of subsidiary mall operator Vincom Retail gained 0.8 percent.

Topping losses were stocks of two real estate developers, TCH of Hoang Huy Group, and KDH of Khang Dien House, which tumbled 2.7 percent and 2.4 percent respectively.

They were followed by two utilities tickers, PLX of petroleum distributor Petrolimex, down 1.3 percent, and GAS of energy giant PetroVietnam Gas, down 1 percent.

Meanwhile, the HNX-Index for the Hanoi Stock Exchange, home to mid- and small-caps, was up 1.13 percent, and the UPCoM-Index for the Unlisted Companies Market gained 0.37 percent.

Foreign investors continued to be net sellers this session to the tune of over VND510 billion on all three bourses. The most net sold stocks were again MSN of food conglomerate Masan Group and HPG of steelmaker Hoa Phat Group, which edged up 0.2 percent.

Enjoy unlimited articles and premium content with only $1.99 Subscribe now
go to top