Stocks end higher thanks to financial stocks and heavy stocks



VIETNAM, December 27 –

A customer in a branch of Tiên Phong Bank (TPB) in Hà Ná»™i. TPB climbed 4% on Monday. – Photo courtesy of Tiên Phong Bank

HÀ NỘI – Vietnamese stocks got off to a good start on Monday, largely driven by gains in financials and heavy stocks.

On the Hồ Chí Minh (HoSE) stock exchange, the benchmark VN-Index gained 0.80% to close on Monday at 1,488.88 points.

The index had lost 0.19% last week.

The size of the market was positive with 259 winners and 199 losers.

Liquidity declined from the previous session with 752 million shares traded on the Southern Stock Exchange, valued at nearly 22 trillion yen (US $ 964 million).

The VN30 index, which tracks the 30 largest stocks on HoSE, gained 0.52% to end at 1,514.55 points. Twenty-three of the 30 stocks in the VN30 basket posted gains, while six fell.

In the VN-30 group, notable winners include PV Power (POW), which reached the daily earning limit of 7 percent, Tiên Phong Bank (TPB) soared 4 percent, Khang Điền House gained 3, 9 percent, Vingroup (VIC) rose 2.6 percent and Vietjet (VJC), 0.8 percent.

Bank and stock market stocks performed well and attracted huge cash flow with many winners such as Asia Commercial Bank (ACB), Bank for Investment and Development of Vietnam (BID), VPBank (VPB), Vietcombank (VCB) ), Tiên Phong Bank (TPB), SSI Securities Inc (SSI), FPT Securities Joint Stock Company (FTS), Hồ Chí Minh City Securities Corporation (HCM), Việt Capital Incorporation (VCI), SSI Securities Incorporation (SSI), Agribank Securities Corporation (AGR) and APG Securities Société par actions (APG).

“VN-Index finally broke through the resistance level of 1480 and closed at 1488.9 during today’s session,” said BIDV Securities Co.

“During the morning session, the uptrend in the VN Index was put under pressure by the sales force, causing the index to drop 17 points. However, buy demand increased and saved the market, pushing the VN index up over 20 points before closing almost 12 points higher from the previous session, ”he said. .

“The breadth of the market has tilted on the positive side. Foreign investors were net buyers on HOSE and net sellers on HNX. In the short term, the 1490 level is a short term resistance of the VN index. The market could accumulate more in this area before it can rebound and move towards the top of 1,500 points, ”he said.

Twenty of the stock market’s 25 sector indices posted gains, including agriculture, oil and gas, construction, securities, IT, retail, banking, rubber production, logistics , real estate, wholesale and production of seafood.

On the other side, the losers were insurance, health food and drink, and building materials.

On the Hà Ná»™i (HNX) stock exchange, the HNX index gained 0.85% to end at 449.41 points. – VNS



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