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Shares rebound on strong buying demand
Vietnam News - 11/24/2021 11:19:05 AM
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Shares rebounded on Tuesday as large-cap stocks extended their gains in the afternoon session thanks to strong buying forces.
The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) gained 1.13 per cent to end at 1,463.63 points.
The index had lost 0.35 per cent to end Monday at 1,447.25 points.
The market's liquidity was positive with 289 stocks rising, while 166 slid.
Investors poured over VNĐ26.2 trillion (US$1.15 billion) into the southern exchange, equivalent to a trading volume of 880 million shares.
“The market recorded a volatile morning session with the VN-Index sometimes down nearly 10 points. However, the constant bottom-fishing demand helped the market recover. Towards the end of the afternoon session, most major sectors across the board rebounded significantly, helping VN-Index to close the trading session higher,” said financial news site cafef.vn.
The 30 biggest stocks tracker VN30-Index gained 1.06 per cent, to end at 1,533.12 points. Nineteen in the VN30 basket climbed, while nine decreased and one stayed flat.
In the VN-30 basket, the best performers were Masan Group (MSN), the Việt Nam Rubber Group (GVR), Vinhomes (VHM), Novaland (NVL), PetroVietnam Gas JSC (GAS), Hoà Phát Group (HPG), SSI Securities Inc (SSI), Mobile World Group (MWG), Bảo Việt Holdings (BVH), FPT Corporation (FPT) and Vietjet (VJC).
The securities group performed positively with SSI Securities Inc (SSI), VNDirect (VND), and Agribank Securities Corporation (AGR) hitting the ceiling prices. This group has 21 out of 25 advancers.
Seafood stocks were also among the best gainers in the session. Nam Việt Corporation (ANV), I.D.I International Development & Investment Corporation (IDI), Camimex Group JSC (CMX) all hit the ceiling prices. Vĩnh Hoàn Corporation (VHC), Sao Ta Foods Joint Stock Company (FMC) and Cửu Long Fish Joint Stock Company (ACL) increased by 4 to 5 per cent.
Banking stocks were hit by profit-taking and performed poorly, with losers including Asia Commercial Bank (ACB), Bank for Investment and Development (BID), HDBank (HDB), Military Bank (MBB), Techcombank (TCB), Sacombank (STB) and VPBank (VPB).
On the Hà Nội Stock Exchange (HNX), the HNX-Index gained 0.89 per cent to end Tuesday at 448.60 points.
It had lost 2.06 per cent to end Monday at 444.62 points.
During the trading session, nearly 116.7 million shares were traded on HNX, worth nearly VNĐ3.2 trillion. — VNS
Read original article here
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