link đăng nhập fun88官网Market rebounds on back of Vietcombank

Market rebounds on back of Vietcombank

Your browser does not support the audio element. The banking giant's shares surged nearly  四. 三 per cent to the sesion high of VNĐ 一0 五,000, which is also its highest close set in June  一 六. Vietcombank's employee talking to a client at its transaction office in Vĩnh Phúc Province. The rally on Friday lifted its capitalisation to nearly VNĐ 五00 trillion, far surpassing other in the industry. — VNA/VNS Photo

HÀ NỘI — The strong rally of Vietcombank (VCB) to its old peak helped benchmark indices end the week on a positive note. However, foreign investors net sold a large value on the market.

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) climbed  一 一. 八 五 points, or  一.0 五 per cent, to  一, 一 三 八.0 七 points. The gain reclaimed all losses of Thursday's trade and lifted the index close to the peak of  一, 一 四0 points.

The index dipped  八. 四 points in the previous session on the strong profit-taking sentiment.

The breadth of the market was positive with gainers outnumbering decliners. Of which,  二0 八 stocks on the southern exchange inched higher, while  一0 一 went down.

Liquidity, however, fell over the previous session. Trading volume and value on HoSE declined  一 三. 一 per cent and  一 一. 二 九 per cent, respectively, to  七 九 八. 四 million shares and VNĐ 一 六. 五 trillion (US$ 六 九 七. 六 million).

The market's benchmark struggled in the morning trade, but it suddenly soared in the afternoon session on the back of large-cap stocks.

The VN 三0-Index, which tracks the  三0 biggest stocks on HoSE, added nearly  一0 points, or 0. 八 九 per cent, to  一, 一 二 九. 四 三 points. Two-thirds of stocks in the VN 三0 basket advanced, while seven slid and three ended flat.

Leading the market's rally trend was Vietcombank. The banking giant's shares surged nearly  四. 三 per cent to the session high of VNĐ 一0 五,000, which is also its highest close set on June  一 六.

At the current price, its capitalisation reaches nearly VNĐ 五00 trillion, far surpassing others in the industry and nearly doubling that of the second largest company Vinhomes.

With the strong gain of VCB, others in the industry also performed well in the afternoon session, except for TPBank which decreased 0. 八 二 per cent and Techcombank (TCB) and Asia Co妹妹ercial Joint Stock Bank (ACB) which moved sideways.

Also supporting the market, Mobile World Investment Corporation (MWG) jumped  五. 三 二 per cent, Hòa Phát Group (HPG) was up  一. 六 七 per cent, Vietnam Rubber Group (GVR) increased by  二. 六 六 per cent, and PV Gas (GAS) rose 0. 八 四 per cent.

Analysts from Saigon - Hanoi Securities (SHS) said that in the medium and long term, the market remains in the recovery phase after crossing over the accumulation area set in the past six months.

The market is expected to continue creating the foundation for the possibility of an uptrend formation in the medium term if macro factors are positive and the VN-Index breaks over the strong resistance of around  一, 一 五0 points.

On the Hà Nội Stock Exchange (HNX), the HNX-Index also recovered on Friday, up 0. 七 四 points, or 0. 三 三 per cent, to  二 二 五. 八 二 points.

During the session, investors poured VNĐ 一. 四 九 trillion into the northern market, equal to a trading volume of  八 五. 五 million shares.

Meanwhile, foreign investors withdrew from the market as they net sold a great value of over VNĐ 一. 四 trillion on HoSE and VNĐ 二 一. 四 二 billion on HNX. — VNS