Tuesday, November 5, 2024 5:25:31 PM - Markets closed
VN-INDEX 1,245.76 +1.05/+0.08%
HNX-INDEX 224.86 +0.41/+0.18%
UPCOM-INDEX 91.90 +0.29/+0.32%
Shares climb on the growth of banking and real estate
Vietnam News - 11/3/2021 1:01:08 PM
 (0 ratings. You must sign in to rate.)
Shares gained on Tuesday thanks to the growth of blue-chips in the banking group and mid-cap and small-cap stocks in the real estate group.
 
The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose 0.94 per cent to close at 1,452.46 points. The index had dropped 0.37 per cent to end Monday at 1,438.97 points.
 
The market's breadth turned positive with 151 stocks declining, while 302 rose.
 
Liquidity remained high with more than 1 billion shares traded on the southern bourse, worth VNĐ28.9 trillion (US$1.3 billion).
 
The 30 biggest stocks tracking VN30-Index gained 0.30 per cent to 1,521.35 points. Nineteen in the VN30 basket increased, while six declined and five ended unchanged.
 
In the VN-30 basket, gainers included The Việt Nam Rubber Group (GVR), Eximbank (EIB), Vinhomes (VHM), Sabeco (SAB) and Investment and Industrial Development Corporation (BCM).  
 
The index's rise was also supported by gains in some pillar stocks in the banking group, including Sài Gòn Thương Tín Commercial Joint Stock Bank (STB), Sài Gòn-Hà Nội Bank (SHB), Asia Commercial Bank (ACB), Military Bank (MBB) and Vietinbank (CTG).
 
In the real estate group, many mid-cap and small-cap stocks hit the daily limit rise of 7 per cent, such as Nam Long Group (NLG), Sài Gòn Thương Tín Real Estate JSC (SCR), Danh Khôi Group JSC (NRC), Industrial Urban Development JSC No 2 (D2D), Saigon Reai Estate Joint Stock Company (SGR) and LDG Investment JSC (LDG).
 
“Although at the end of the morning session, the VN-Index corrected slightly due to profit-taking pressure, but then thanks to overwhelming buying, VN-Index moved to close at a new peak of 1,452.46,” said BIDV Securities Co.
 
“Market breadth tilted to the positive side as the number of advancers doubled the number of losers, showing that cash flow was concentrated in certain stocks,” it said.
 
“In the upcoming sessions, VN-Index is likely to maintain its uptrend and move to new highs. Regarding the transactions of foreign investors, today they continued to net sell more than VNĐ1 trillion on HoSE,” it said.
 
Foreign investors net sold VNĐ1.1 trillion on HOSE, including Novaland (NVL) with VNĐ567.24 billion, Nam Long Group (NLG) with VNĐ141.02 billion and SSI Securities Co (SSI) with VNĐ91.29 billion. They were net sellers on HNX with a value of VNĐ23.92 billion.
 
Meanwhile, the HNX-Index on the Hà Nội Stock Exchange (HNX) rose 2.06 per cent, to 424.11 points. The index had risen 0.83 per cent to end Monday at 415.54 points.
 
During the trading session, investors poured VND4.3 trillion into the northern market, equivalent to a trading volume of 178 million shares. VNS
 
Read original article here
 
Newer News
16:13 Vietnam's stock market moves closer to emerging market status amid key policy changes
04/11 Vietnam stock market opens the week with a downturn as foreign investors continue net selling
04/11 Opportunities and challenges in a transitional phase
01/11 Eyeing the stock market post the US presidential election
30/10 Market continues moving upward as foreign investors record strong net sales
29/10 HOSE delists Sao Thai Dương (SJF) shares from 1 November
29/10 Market begins the week on a positive note
28/10 Caution prevails in market amid rising selling pressure
28/10 Securities clearing regulation amendment proposed
25/10 Market in sharp decline as investors resume strong net selling
Older News
01/11 Market expected to hit new highs this week
27/10 Shares recover in last minutes
27/10 UPCoM attracts investors thanks to stock potential
23/10 Shares gain on bottom purchases
22/10 Shares end lower on foreign net selling force
22/10 Insurance stocks get boost thanks to State divestment
21/10 Foreign cash flows remain high despite continuous net selling
19/10 New economic stimulus package expected to spur stock market
18/10 Market uptrend expected to continue this week
15/10 Large-cap stocks extend losses, VN-Index falls for 2nd day
 
Newsletter Signup
Top Stories
VCCI recommends mineral mining rights be granted through auction and bidding
Central bank works to raise interbank rates and ease forex market
Inflation a concern following salary increases
National Council for Sustainable Development established
Việt Nam, Cambodia look forward to $20 billion trade
Market Update
Last updated at 3:05:01 PM
VN-INDEX 1,245.76 +1.05/+0.08%
Real-time chart
Top 5 Actives
Top 5 Gainers
Top 5 Losers
My Favorite Quotes
Company Research
Type in the symbol above for thorough background information, key statistics and financial information.
Stock Sectors
We continuously improve our services, here are the latest updates...
Portfolio
Allow you to monitor a customised group of securities. You can set up multiple Portfolios to help you better manage your investments.
Trigger Alerts
Get up-to-date alerts delivered directly to your email address.
Stock Screener
Allow you to filter the market and find exactly what sort of company you are looking for.
Live Terminal
Get instant access to FREE REAL-TIME streaming quotes for hundreds of stocks from HOSE, HNX and UPCOM exchanges.