VN-Index up for second straight session

By Hung Le   November 12, 2020 | 04:58 am PT
VN-Index up for second straight session
An investor looks at stock prices on a screen at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
The VN-Index rose 0.74 percent to 959.28 points Thursday, with non-blue chips driving the stock market’s gains.

The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, was predominantly green with 254 stocks gaining and 170 falling.

Total trading volume fell over 15 percent to VND6.01 trillion ($260.4 million), of which over 50 percent went towards stocks outside the VN30, a basket of HoSE’s 30 largest capped tickers.

The VN30-Index for this group gained 0.69 percent, 22 tickers rising and five falling.

Topping gains was REE of appliances maker Refrigeration Electrical Engineering, up 5.1 percent, followed by MWG of electronics retailer Mobile World, up 2.9 percent, and VRE of mall operator Vincom Retail, up 2.6 percent.

State-owned banks were among the better gainers, with VCB of Vietcombank growing 1.8 percent, CTG of VietinBank, 1.6 percent, BID of BIDV, 0.5 percent, and MBB of mid-sized Military Bank, up 2.5 percent.

Private banks recorded more modest gains, with TCB of Techcombank adding 1.4 percent, STB of Sacombank, 0.7 percent, HDB of HDBank and VPB of VPBank, 0.4 percent, and EIB of Eximbank, up 0.3 percent.

VIC of private conglomerate Vingroup and VHM of its real estate subsidiary Vinhomes, the biggest and third biggest capped stocks on the HoSE, gained 0.9 percent and 0.8 percent, respectively.

Other major gainers included SBT of agricultural firm TTC-Sugar, up 2.5 percent, PNJ of jewelry retailer Phu Nhuan Jewelry, up 2.5 percent, and FPT of IT services giant FPT, up 0.9 percent.

In the opposite direction, MSN of food conglomerate Masan Group topped losses with 2.4 percent, followed by VJC of budget carrier Vietjet Air, 1 percent, and ROS of construction firm FLC Faros, 0.9 percent.

The HNX-Index for the Hanoi Stock Exchange, home to mid- and small-caps, was up 1.97 percent, while the UPCoM-Index for the Unlisted Companies Market shed 0.78 percent.

Foreign investors continued to be net sellers to the tune of nearly VND160 billion on all three bourses. The most net sold stocks were HPG of Hoa Phat Group, which was up 0.5 percent, and VNM of dairy giant Vinamilk, down 0.5 percent.

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