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Banking stocks push shares up
VietnamPlus - 7/17/2018 10:02:24 AM
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Vietnamese shares rose on both the northern and southern local exchanges on July 16 as more cash was poured into the banking sector.
 
The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged up 0.15 percent to close at 911.11 points. Over 136.2 million shares, worth nearly 3.5 trillion VND (154 million USD), were traded on the day. There were 154 rising codes, and 107 declining codes on the bourse.
 
Regarding the Hanoi Stock Exchange, the HNX-Index gained 0.59 percent to settle at 103.12 points. More than 37 million shares were sold at over 443 billion VND (19.49 million USD). The bourse saw 90 advancers, and 63 decliners.
 
Apart from Techcombank (TCB) and Kienlongbank (KLB) which both experienced price falls, green margins dominated overall banking stocks, including BIDV (BID) rising 650 VND to 24,150 VND per share; HDBank (HDB) increasing 100 VND to 33,550 VND; MBBank (MBB) growing 600 VND to 21,400 VND; and Vietcombank (VCB) inching 100 VND up to 54,900 VND.
 
The large-cap VN30 group witnessed a surge in the stocks of Bao Viet Holdings (BVH), Vietinbank (CTG), Hau Giang  Pharmaceutical JSC (DHG), Mobile World Group (MWG), Vietjet Aviation JSC (VJC), and Vinamilk (VNM).
 
In stark contrast, a sharp fall was seen in the prices of PetroVietnam Gas JSC (GAS), Hoa Sen Group (HSG), Hoa Phat Group (HPG), Masan Group (MSN), and Vingroup (VIC).
 
In the financial service group, Asia-Pacific Investment JSC (API) rose 2,100 VND to 24,700 VND per share; Ho Chi Minh Stock Exchange (HCM) advanced 1,100 VND to 49,900 VND; and Tri Viet Securities Company (TVB) surged 500 VND to 25,000 VND.
 
Net buying by foreign investors was strong on the HNX with over 1.6 million shares worth 28.11 billion VND (1.24 million USD). Vietnam Investment Securities Company’s (IVS) stocks were the most attractive to foreigners who net bought a value of over 16.8 billion VND (739,200 USD).
 
On the HOSE, foreign acquirers net sold over 1.18 million shares at 87.67 billion VND (3.86 million USD). -VNA
 
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