VN-Index up for second straight session

The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw a more balanced session than Monday, with 212 stocks gaining and 174 losing.

Analysts observed that Vietnam’s stock market had followed positive movements on global markets, which had immediately reacted upon news of U.S. President Donald Trump’s discharge from hospital.

The Dow Jones Industrial Average had surged 1.68 percent on Monday’s close, while the S&P 500 climbed 1.8 percent.

Most major Asia-Pacific indices also registered gains, with Japan’s Nikkei 225 adding 0.52 percent, South Korea’s Kospi up 0.34 percent, Hong Kong’s Hang Seng up 0.9 percent, Australia’s ASX All Ords up 0.47 percent, while mainland China’s Shanghai Composite dropped 0.2 percent.

On the HoSE, total trading value jumped by more than 10 percent over previous session, reaching VND8.21 trillion ($354.73 million), equal to September’s second highest session. Last month’s daily average was VND6.64 trillion.

Tuesday’s trading was split evenly between the VN30, a basket of HoSE’s 30 largest caps, and the rest of listed companies. The VN30-Index this session drove the market’s gains, climbing 0.42 percent, with 14 stocks in the green and 12 in the red.

Topping gains this session was ROS of construction firm FLC Faros, up 5.9 percent, followed by MSN of food conglomerate Masan Group, up 3.6 percent.

Most tickers in the real estate and construction sector performed positively this session. TCH of Hoang Huy Group grew 2.1 percent, KDH of Khang Dien House, 0.8 percent, and VHM of Vinhomes, 0.1 percent. NVL of Novaland kept its opening price.

The banking sector saw split results. STB of Sacombank and EIB of Eximbank were the private sector’s gainers, rising 3.6 percent and 1.2 percent, respectively.

In the red were TCB of Techcombank, HDB of HDBank, and VPB of VPBank, down 0.7 percent, 0.4 percent and 0.2 percent, respectively.

State-owned banks performed relatively better. Of Vietnam’s three biggest lenders by assets, VCB of Vietcombank rose 0.5 percent and BID of BIDV added 0.1 percent while CTG of VietinBank shed 1.1 percent. MBB of mid-sized Military Bank gained 0.8 percent.

Other major gainers included HPG of steelmaker Hoa Phat, up 3.3 percent, and MWG of electronics retailer Mobile World, up 1.2 percent.

The biggest losing stock this session was VIC of private conglomerate Vingroup, HoSE’s largest cap, which slumped 1.6 percent. It was followed by POW of electricity generator PetroVietnam Power, down 1.4 percent, and SBT of agricultural firm TTC-Sugar, 1.2 percent.

Other losing stocks included REE of appliances maker Refrigeration Electrical Engineering, down 0.6 percent, and SSI of top brokerage Saigon Securities Inc., down 0.5 percent.

Meanwhile, the HNX-Index for the Hanoi Stock Exchange, home to mid- and small-capped stocks, rose 0.42 percent, while the UPCoM-Index for the Unlisted Public Companies Market surged 1.75 percent.

Foreign investors were again net sellers to the tune of just over VND100 billion on all three bourses. The most net sold stocks were VNM of Vinamilk, which shed 0.3 percent and CTG of VietinBank.