Thursday,  Oct 18, 2018,01:38 (GMT+7) 0 0
VN-Index rises above 965 points
Phuong Thao
Wednesday,  Dec 27, 2017,22:23 (GMT+7)

VN-Index rises above 965 points

Phuong Thao

HCMC – Stock gains extended for a third consecutive session on December 26, driving the VN-Index up 7.62 points, or 0.8%, from the day earlier at 965.93.

Among the 10 leading stocks for market capitalization, beverage stock SAB was the only loser, falling 2.87% at VND257,000 per share. Meanwhile, lender VCB and property firm VIC closed at the reference prices and the remaining stocks rose strongly.

The securities sector saw active trading, with SSI advancing 0.54% at VND28,000 a share with matching volume of 5.8 million shares and HCM surging 5.1% at an intraday high of VND59,000 per share.

Among speculative stocks, property firm FLC remained the volume leader with nearly 5.4 million shares traded. Consultancy Design and Urban Development (CDO) again plunged to the floor price of VND2,160 a share with nearly 2.59 million shares traded.

Turnover on the HCMC market improved as volume and value increased 10.4% and 26.7% to 186 million shares worth over VND5.2 trillion, including block deals valued at VND1.8 trillion.

The Hanoi market jumped for the second straight day with the HNX-Index adding 0.73% at 114.06 points. There were 54.6 million shares worth VND813 billion changing hands at the end of the day, including meager block deals worth VND59 billion.

The HNX30 basket strongly attracted cash flow, in which lender ACB added 0.58% at VND34,700 a share with 4.9 million shares traded. Petroleum technical service stock PVS climbed 4.4% at VND23,700 a share with volume of 7.9 million shares and lender SHB increased 1.1% at VND9,100 per share with volume of 6.3 million shares.

Foreigners net bought over VND176.7 billion on the HCMC market but they net sold VND16.7 billion on the Hanoi exchange.

SHB Securities Company said large caps were key positive contributors to the rally on December 26, except for SAB, which pushed the VN-Index down by 1.15 points. Market turnover also improved as both exchanges reported a matching value of a combined VND6 trillion.

In the near term, the VN-Index and HNX-Index still see a positive outlook and they are supported at 970 points and 114.6 points respectively. After a three-day rising streak, the former is expected to move sideways today.

Bao Viet Securities Company also predicted the VN-Index would move flat in the immediate term as investors are in holiday mode. Cash flow will focus on stocks with promising business results in the last quarter and the whole year.

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