VN-Index up for third straight session

By Hung Le   November 3, 2020 | 04:06 am PT
VN-Index up for third straight session
An investor looks at stock prices on a smartphone at a brokerage in Ho Chi Minh City. Photo by VnExpress/Quynh Tran.
The VN-Index edged up 0.19 percent to 935.41 points Tuesday, with blue chips continuing to drive the market’s gains.

The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw260 stocks rise and 157 fall.

Total trading volume improved slightly over the previous session to reach VND6.3 trillion ($272.93 million), but this was still far lower than last month’s trading levels of VND8-9 trillion per session.

Blue chips accounted for over half of the cash flow this session, with the VN30-Index for the stock market’s 30 largest capped tickers rising 0.32 percent. On this basket, 18 stocks gained and 11 lost.

SBT of agricultural firm TTC-Sugar and TCH of truck dealer Hoang Huy Group led gains, up 3.3 percent and 4.4 percent respectively. KDH of real estate developer Khang Dien House, in particular, has rebounded strongly after losing in six consecutive sessions, often as one of VN30’s poorest performers.

Private banks were mostly in the green this session. TCB of Techcombank gained 2.8 percent, STB of Sacombank 1.1 percent, EIB of Eximbank 0.6 percent,and VPB of VPBank 0.6 percent. HDB of HDBank, down 0.2 percent, was the only one to lose.

Results were mixed for state-owned banks, with BID of BIDV adding 1.3 percent and MBB of mid-sized Military Bank rising 1.4 percent; while VCB of Vietcombank and CTG of VietinBank were down 0.9 percent and 0.7 percent, respectively.

Other major gainers included FPT of IT giant FPT and POW of electricity generator PetroVietnam Power, both up 2.1 percent, REE of appliances maker Refrigeration Electrical Engineering, up 1.6 percent, and SSI of top brokerage Saigon Securities Inc., up 1.2 percent.

VIC of private conglomerate Vingroup, the bourse’s largest cap, lost 2 percent. Among its subsidiaries, VHM of real estate operator Vinhomes fell 0.1 percent, while VRE of mall operator Vincom Retail added 0.2 percent.

Other major losers included ROS of construction FLC Faros, down 0.9 percent, PNJ of jewelry retailer Phu Nhuan Jewelry, 0.7 percent, and MSN of food conglomerate Masan Group, down 0.6 percent.

Meanwhile, the HNX-Index for the Hanoi Stock Exchange, home to mid- and small-caps, was up 1.25 percent, and the UPCoM-Index for the Unlisted Companies Market gained 0.1 percent.

Foreign investors continued to be net sellers this session to the tune of over VND660 billion on all three bourses. The most net sold stocks were MSN of food conglomerate Masan Group and HPG of steelmaker Hoa Phat Group, which closed up 0.3 percent.

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