Sunday , August 14 2022

Shares start week on a positive note

 

Traders at the trading floor of FPT Securities Joint Stock Company (FTS). FTS soared 7 per cent Monday. Photo courtesy of FTS

HÀ NỘI — Shares started the week on a positive note thanks to the growth of the securities stock group but selling pressure focused on the real estate group at the end of the session.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index rose by 0.54 per cent, to 1,524.70 points.

The market breadth was positive with 283 stocks increasing, while 182 declined.

Liquidity was at a low level with more than VNĐ25.6 trillion (US$1.1 billion) poured into the southern market, equivalent to a trading volume of over 639.5 million shares.

The index’s increase was thanks to gains in pillar stocks, especially in the securities sector. Accordingly, the VN30-Index rose 0.36 per cent, to 1,548.04 points.

Twenty-one of the 30 biggest stocks in capitalisation on HoSE posted gains, while seven slid and two ended flat.

Data compiled by vietstock.vn showed that towards the end of the session, the VN-Index’s gain was significantly strengthened as securities stocks rose, such as Agribank Securities Corporation (AGR), FPT Securities Joint Stock Company (FTS) and VNDirect Securities Co (VND) soaring 7 per cent.

Hồ Chí Minh City Securities Corporation (HCM), SSI Securities Inc (SSI), APG Securities Joint Stock Company (APG) and Saigon-Hanoi Securities JSC (SHS) all increased more than 4 per cent.

Việt Capital Incorporation (VCI) and Petrovietnam Securities Incorporated (PSI) rose 2.9 and 3.8 per cent, respectively.

However, gains were capped by selling pressure in some big real estate stocks with a series of large-cap stocks declining such as Sao Mai Group Corporation (ASM), dropping 7 per cent, Đất Xanh Group (DXG) down 6.2 per cent, Quốc Cường Gia Lai Joint Stock Company (QCG) down 4.4 per cent, Thủ Đức Housing Development Corporation (TDH) down 3.9 per cent and C.E.O Group (CEO) down 2.8 per cent.

On the other hand, the HNX-Index on the Hà Nội Stock Exchange (HNX) decreased 1.01 per cent, to 458.69 points.

More than 84 million stocks were traded on HNX, worth nearly VNĐ2.7 trillion. — VnExpress News

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