Sunday,  Sep 23, 2018,23:22 (GMT+7) 0 0
VN-Index rises for sixth straight day
Phuong Thao
Tuesday,  Mar 20, 2018,21:04 (GMT+7)

VN-Index rises for sixth straight day

Phuong Thao

HCMC – Stocks rose for the sixth straight session on March 19 as shares of the real estate sector strongly attracted cash flow, with the VN-Index adding 9.03 points, or 0.79%, at 1,159.22.

Turnover on the HCMC bourse, however, dipped versus last Friday when exchange traded funds underwent quarterly portfolio restructuring. Trading volume slid 11.8% at 272 million shares while value slumped 29.7% at VND7.5 trillion.

For the property sector, DXG, ROS, VRC and NVT went up to their ceiling prices. DXG reported matching volume of over 6.6 million shares. NVL closed at VND84,400 a share, up 6.8% against the previous session, while VIC, the leading property firm, increased 4.7% at VND104,400 a share.

Notably, foreign investors strongly offloaded shares of HAG. The firm became the volume leader on the southern exchange with 15.8 million shares traded but tumbled 5.2% at VND6,900 a share given a foreign net selling volume of 2.3 million shares.

Its affiliate HNG fell 4% at VND8,440 per share though foreign investors net sold just a slight 100,000 shares of the agricultural firm. Meanwhile, FLC, the second most actively traded stock with 14.6 million shares, advanced 1.3% at VND6,090 a share.

Bank stocks came under selling pressure, with seven out of eight listed banks falling. HDB was the only gainer, adding 0.9% at VND45,200 per share.

Among large caps, dairy enterprise VNM lost 0.9% at VND212,000 a share while brewery SAB closed at an intraday low of VND225,000 per share, down 1.5% from the day earlier. In contrast, gas group GAS rose a slight 0.4% at VND128,500 per share and steelmaker HPG jumped 4.8% at VND63,100 per share.

The Hanoi market went through strong volatility before closing up thanks to a number of heavyweights. The HNX-Index extended its winning streak to the eighth consecutive session, climbing 0.75% versus last Friday at 134.1.

SHB led the market by liquidity with 25.1 million shares traded but the bank dropped 2.1% at VND13,500 per share. Insurance firm PVI declined 1.4% at VND40,900 a share while plastic enterprise NTP dipped 1% at VND63,800 per share.

Meanwhile, lender ACB closed at an intraday high of VND51,700 per share, up 2.6% against the previous session, and reported volume of nearly 4.9 million shares. PVS, which is active in the oil and gas sector, jumped 4.5% at VND25,400 a share with 10.3 million shares changing hands.

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