Shares main­tain pos­i­tive mo­men­tum

Viet Nam News - - MARKETS -

HAØ NOÄI — Shares con­tin­ued to main­tain pos­i­tive mo­men­tum yes­ter­day amid ris­ing liq­uid­ity thanks to strong sup­port of many large cap stocks.

The bench­mark in­dex gained 0.17 per cent to end at 1,017.13 points. The VN-In­dex in­creased 0.57 per cent to close at 1,015.37 points on Thurs­day.

On the Ha Noi Stock Ex­change, the HNX-In­dex ad­vanced 0.17 per cent to end at 116.28 points. It added 0.44 per cent to end at 116.08 points on Thurs­day.

Nearly 304.3 mil­lion shares, worth more than VNÑ6.9 tril­lion (US$297 mil­lion), were traded across the two mar­kets yes­ter­day.

Over­all mar­ket con­di­tions were pos­i­tive with 258 gain­ers and 229 losers, while an­other 257 closed un­changed.

Track­ing the south­ern bourse’s largest stocks by cap­i­tal­i­sa­tion and liq­uid­ity, the VN30-In­dex added 0.53 per cent to end at 994.73 points.

The bench­mark in­dex re­ceived sup­port from Kido Group (KDC), brew­ery Sabeco (SAB), Masan Group (MSN), real es­tate devel­oper No­va­land (NVL), Vin­homes (VHM) and Vin­com Re­tail (VRE). VHM, VRE and NVL were the big­gest gain­ers that sub­se­quently added 3.7 points, 2.4 points, and 1.85 points to the in­dex.

How­ever, the mar­ket also un­der­went strong down­ward move­ment in the af­ter­noon. Many large-cap stocks faced profit tak­ing pres­sure af­ter a long re­cov­ery pe­riod.

Vi­et­com­bank (VCB), Vi­et­inbank (CTG) and Vin­group (VIC) suf­fered the big­gest losses and re­spec­tively, caus­ing VN-In­dex to slide by 1.8 points, 0.64 points, and 0.28 points.

Oil-gas stocks jumped 2.12 per cent, driven by PetroViet­nam Drilling & Well Ser­vices Cor­po­ra­tion (PVD) (+16.29 per cent), Viet­nam Pros­per­ity Joint Stock Com­mer­cial Bank (PVB) (+8.45 per cent) and PetroViet­nam Power Cor­po­ra­tion (POW) (+5.03 per cent).

Se­cu­ri­ties and real es­tate stocks climbed 2.12 per cent and 1.01 per cent re­spec­tively thanks to the growth of Ho Chi Minh City Se­cu­ri­ties Cor­po­ra­tion (HCM), Saigon Se­cu­ri­ties In­cor­po­ra­tion (SSI), Viet Cap­i­tal Se­cu­ri­ties Joint Stock Com­pany (VCI), VHM, NVL, and VRE.

Also, bank stocks slightly in­creased by 0.09 per cent on the rise of STB (+6.3 per cent), TCB (+3 per cent), and VPB (+1.9 per cent).

The Gen­eral Statis­tics Of­fice has re­leased GDP re­sults for the third quar­ter and the first nine months, specif­i­cally, GDP in the third quar­ter in­creased 6.98 per cent against the same pe­riod last year.

This growth rate was lower than the rate of 7.45 per cent in the first quar­ter, but higher than 6.73 per cent in the sec­ond quar­ter, in­di­cat­ing the econ­omy’s ex­pan­sion in Q3 and eas­ing con­cerns about slower pace of quar­terly GDP growth.

Ac­cord­ing to Baûo Vieät Se­cu­ri­ties Com­pany (BVSC), solid GDP growth in the third quar­ter and the first nine months has helped re­in­force do­mes­tic in­vestors’ con­fi­dence in Vieät Nam’s healthy growth rate, thus boost­ing their con­fi­dence in the mar­ket.

Vieät Nam’s GDP growth for the en­tire year 2018 is fore­cast at 7 per cent, rank­ing sec­ond in Asia with In­dia at the top, BVSC said.

The UPCOM In­dex (UPCoM) inched up 0.03 per cent to fin­ish at 54.21 points. It gained 0.27 per cent to fin­ish at 54.19 points in the pre­vi­ous ses­sion. — VNS

Bro­kers work­ing on Taân Vieät Se­cu­ri­ties’ trad­ing board in Haø Noäi. — VNS Photo Tröông Vò

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