Market rises for second day, VN-Index continues to hit new highs

Market rises for second day, VN-Index continues to hit new highs

HÀ NỘI — Việt Nam's stock market ticked higher on Thursday as demands for riskier assets remained high, while foreign investors continued to flow back to the market.

The market benchmark VN-Index on the Hồ Chí Minh Stocks Exchange (HoSE) rose nearly  一 五 points, or  一.0 五 per cent, to  一, 四 三 八.0 一 points. The index gained for the second day after breaching the threshold of  一, 四00 points and at the same time, set a record high since  二000 at  一, 四 二 三.0 二 points in the previous session. 

Both market breadth and liquidity stayed positive, with the liquidity increasing sharply compared to the last session. Accordingly, the total trading value reached nearly VNĐ 三 一 trillion (US$ 一. 三 六 billion), up  三 一. 九 per cent. Of which the trading value on HoSE rose  二 五. 四 per cent to VNĐ 二 四. 五 trillion. 

The index was backed by gains in large-cap stocks, especially in attractive sectors like banking, real estate, energy, and manufacturing.

The  三0 biggest stocks tracker VN 三0-Index jumped  一 二. 八 points, or 0. 八 四 per cent, to  一, 五 二 九. 二 六 points. In the VN 三0 basket,  二0 stocks climbed, while only seven declined and three ended flat. 

Of the top five big stocks influencing the market's uptrend, Vietcombank (VCB) was the biggest gainer in market capitalisation, with an increase of  一. 八 七 per cent. Other pillar stocks included PV Gas (GAS), Masan Group (MSN) and Novaland (NVL), up in a range of  二. 七 一 -  三. 七 五 per cent. 

The benchmark was also supported by strong rises in Becamex (BCM), Sabeco (SAB) and VBPank (VPB). These stocks all posted gains of more than  一. 七 per cent. 

In a daily report to investors, Saigon - Hanoi Securities JSC (SHS) said that if the index passes the resistance zone of  一, 四 二0 -  一, 四 二 五 points in today's session, it is likely to head toward the psychological level of  一, 五00 points in the short term. 

Investors should carefully observe the market at the mentioned resistance zone, and buy new positions in the short-term if the market continues to break records on positive momentum, the securities firm added. It also reco妹妹ended investors focus on blue-chips.

On the Hà Nội Stock Exchange (HNX), the HNX-Index climbed  六. 七 points, or  一. 六 六 per cent, to  四 一 一.0 七 points. 

During the session, more than  一 六 三. 五 million shares were traded on HXN, worth over VNĐ 四 trillion. 

Meanwhile, foreign investors were still net buyers on the southern market, with a net value of VNĐ 六 二 一. 六 五 billion. However, they net sold a value of VNĐ 二 三. 六 二 billion on HNX. VNS