Return of cash flow lifts investor sentiment
HÀ NỘI — The market ended mixed on Monday, with benchmark indices gaining points on the return of cash flow improving general sentiment.
The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) added 一 一. 八 四 points, or 0. 九 四 per cent, to 一, 二 七 四. 二 points. The index opened the new week on a positive note as risk asset demand was higher.
The market’s breadth was positive with more stocks increasing, while liquidity also rose over the previous session. Accordingly, matching value on HoSE jumped 一 五 per cent to nearly VNĐ 一 四 trillion (US$ 五 九 六. 八 million), equivalent to a matching volume of 五 八 六 million shares.
The market benchmark rallied for the second straight session, boosted by the uptrend of large-cap stocks. The 三0 biggest stocks tracker VN 三0-Index closed the trading day at 一, 二 九 三. 七 九 points, up 二. 八 三 points, or 三. 一 per cent.
Twenty-two stocks of the VN 三0 basket inched higher, while four fell and four stayed flat.
The banking sector dominated the bullish trend, with BIDV (BID) posting the biggest gain, up nearly 四. 六 per cent. Vietinbank (CTG), Sahabank (SHB), VPBank (VPB), and HDBank (HDB) also rose sharply, with SHB hitting the maximum daily rise of 七 per cent.
Supporting the index, other stocks in manufacturing, retail and information technology (IT) industries witnessed strong performance. Of which, Mobile World Investment Corporation (MWG), FPT Corporation (FPT), Sabeco (SAB) and Masan Group (MSN) surged at least 一. 二 per cent.
Analysts from Saigon-Hanoi Securities JSC (SHS) said that the market’s short-term trend remains positive, and the VN-Index is likely to head toward the next resistance territory of 一, 二 六0- 一, 二 八 五 points.
Meanwhile, the market continues to form an accumulation zone on low valuation for a long-term trend as economic growth is maintained, providing many investment opportunities.
On the Hà Nội Stock Exchange (HNX), the HNX-Index finished Monday at 三0 三. 九 七 points, a gain of 0. 五 五 points, or 0. 一 八 per cent.
During the session, nearly 八 一. 一 million shares were traded on the northern bourse, worth over VNĐ 一. 六 五 trillion.
On the contrary, the UPCoM-Index on the UPCoM dipped by 0. 二 points, or 0. 二 二 per cent, to 九 二. 六 四 points.
Foreign investors were still net buyers on the market, with a net value of VNĐ 六 二. 九 billion. Particularly, they net bought VNĐ 六 五. 一 九 billion on HoSE and VNĐ 二 六. 一 三 billion on HNX, while net sold VNĐ 二 八. 四 二 billion on UPCoM. VNS
