Shares make gains, market experiences strong volatility

Ha Noi Stock Exchange, the HNX-Index, VN-Index, Ho Chi Minh Stock Exchange, Ha Noi Stock Exchange, the HNX-Index, VN-Index, Ho Chi Minh Stock Exchange, Markets,
An investor at a branch of Military Bank (MBB) in Ha Noi. Shares of MBB rose 2.6 per cent on Tuesday. VNA/VNS Photo

Shares extended gains on Tuesday but the market experienced strong volatility with big variation among sectors.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.22 per cent to end the session at 1,177.64 points.

The index had risen 0.13 per cent to end Monday's session at 1,175.04 points.

Nearly 598.3 million shares were traded on the southern bourse, worth VND15.4 trillion (US$669.8 million).

Market breadth was neutral with 233 gainers and 201 losers.

“VN-Index mainly struggled around the reference level Tuesday. In addition, foreign investors were net sellers on both HSX and HNX,” said BIDV Securities Co.

“Market breadth turned to equilibrium with liquidity not much different from the previous session.

“According to our assessment, the VN-Index is likely to continue fluctuating with a narrow range in the next session,” the company said.

Foreign investors net sold VND700 billion on HOSE, including dairy firm Vinamilk (VNM) (VND106.4 billion), Vietinbank (CTG) (VND77.3 billion) and Hoa Phat Group (HPG) (VND69.4 billion). They were net sellers on the HNX with a value of VND5.92 billion.

Among sectors, banking stocks differed. Techcombank (TCB), Military Bank (MBB) and Bank for Investment and Development of Vietnam (BID) were the stocks that contributed to the index's gain.

Vietcombank (VCB), VPbank (VPB), and Vietnam International Bank (VIB) were losers with negative effects.

The real estate group also witnessed disparity. Small and medium caps were the most negative group. Kinh Bac Corporation (KBC), Khang Dien House (KDH), Hai Phat Invest (HPX), Petroleum Industrial & Civil Construction JSC (PXI) and Industrial Urban Development JSC No 2 (D2D) recorded a significant decrease.

Aviation performed well with Airports Corporation Of Vietnam (ACV), Vietjet (VJC) and Vietnam Airlines JSC (HVN) all making gains.

The large-cap tracker VN30-Index gained 0.16 per cent to stay at 1,182.47 points.

Fourteen of the 30 large-cap stocks in the VN30 basket decreased while fifteen made gains.

On the Ha Noi Stock Exchange, the HNX-Index rose 0.34 per cent to end Tuesday at 238.78 points.

The index had risen 2.94 per cent to end Monday at 237.97 points.

Nearly 139.4 million shares were traded on the northern market, worth VND2.3 trillion. — VNS

News Related


Endangered doucs enjoy idyllic lives thanks to Covid-19

Multiple red-shanked doucs could be spotted at Bach Ma National Park in north central Thua Thien-Hue Province at the start of spring. Nguyen Vu Linh, director of the national park, said there are... Read more »

Youth Month, tree-planting festival celebrated nationwide

Activities to celebrate the Youth Month and the tree-planting festival have been held nationwide. Read more »

AEON Vietnam support the consumption of Hai Duong agricultural products

Customers buy farm produce to help Hải Dương farmers at AEON – Long Biên, Hà Nội. — Photo AEON Vietnam To support farmers in the COVID-19 hit region of Hải Dương, grocery giant... Read more »

Myanmar police cranks up pressure on protests, after calls for global action

On Saturday, police in Myanmar escalated their crackdown on demonstators agains military takover, using more violent forces as protestors aimed to assemble in Yangon and Monywa, the two biggest cities and elsewhere. Read more »

Beauty of cherry blossoms in seas of clouds in Mang Den town

Every spring, thousands of cherry blossom trees show off their beauty in the mist and clouds in Mang Den town. Read more »

India daily weather forecast latest, March 1: Many parts of the western Himalayan region to receive light rain and snow

Under the influence of a western disturbance, many parts of the western Himalayan region will receive light rain and snow in the next 24 hours. Read more »

Vietnamese police break up baby-smuggling ring

Vietnamese police break up baby-smuggling ring Read more »

Special themed events mark Int’l Women’s Day in HCMC

Special themed events mark Int’l Women’s Day in HCMC Read more »

U.S to implement tough rule in response to China technology threats

The Biden administration plans to permit a sweeping a Trump-era geared toward combating Chinese technology threats, a move that gives the Department of Commerce broad authority to prohibit transactions involving “foreign adversaries.” Read more »

Two tourists drown in Mui Ne beach

Two tourists drowned while bathing at a beach in Mui Ne Ward in the southern province of Binh Thuan. A beach in Mui Ne The Binh Thuan Provincial Steering Committee for Natural Disaster... Read more »