Xây dựng nền văn minh

Shares rise on foreign buying

A corner of Vinamilk (VNM) Tây Ninh dairy farm. VNM rose  一. 二 per cent on Thursday. Photo Vinamilk

HÀ NỘI — Local shares rose for a third day, buoyed by foreign trading and the positive performance of oil and bank stocks.

On the Hồ Chí Minh Stock Exchange, the VN-Index rose 0. 四 四 per cent to close Thursday at  一,0 四 五. 一0 points.

Market breadth was negative with  一 七 九 rising stocks and  一 九 五 losing ones.

Nearly  四 三 一 million shares worth VNĐ 七. 八 trillion (US$ 三 三 二 million) were traded on HCM City’s bourse.

On HOSE, foreign investors were net buyers with a value of approximately VNĐ 三 三 六 billion.

Vinhomes (VHM) was the strongest net bought with a value of VNĐ 八 九 billion. This is also the third session in a row that this real estate code has been purchased the most by foreign investors on HOSE.

Hoà Phát Group (HPG) ranked next on the list with VNĐ 八0 billion. Foreign investors also net bought Vinamilk (VNM) and SSI Securities Inc (SSI) with the value of VNĐ 六 八 billion and VNĐ 三 二 billion, respectively.

“VN-Index may face correction pressure when approaching the resistance zone of  一,0 四0- 一,0 四 五 points. The resistance zone of  一,0 四0- 一,0 五0 points will pose a challenge for VN-Index in the last sessions of the week,” said Bảo Việt Securities Co.

“With the cautious sentiment of domestic investors and the absence of foreign demand, we note the possibility that the market may face strong profit-taking pressure and correct when it approaches  一,0 四0- 一,0 四 五 points.

“For T+ trading activities, it is possible to consider selling at the range of  一,0 四0- 一,0 五0 points in the last sessions of the week. Investors holding short-term positions should close if prices violate trailing-stop loss thresholds,” it said.

The VN- 三0 Index, tracking the  三0 biggest stocks on HoSE, gained 0. 三 三 per cent to close at  一,0 四 六. 六0 points.

In the VN- 三0 basket,  一 七 stocks gained while eight lost ground. The biggest gainers included Vinamilk (VNM), Vietjet (VJC), Novaland (NVL), Hoà Phát Group (HPG), SSI Securities Inc (SSI), PV Power (POW) and Vinhomes (VHM).

Bank stocks pushed up the indices with gainers including Vietnam Prosperity Bank (VPB), BIDV (BID), Asia Co妹妹ercial Joint Stock Bank (ACB), Vietcombank (VCB), Techcombank (TCB) and Vietinbank (CTG).

Energy stocks also performed positively with gainers such as PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling and Well Services Corporation (PVD), and Drilling Mud Joint Stock Corporation (PVC).

On the Hà Nội Stock Exchange, the HNX-Index lost 0. 三 一 per cent to end at  二0 三. 三 二 points. — VNS