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Shares rise on the growth of real estate stocks

Shares finished Friday trade on a positive note, mainly driven by the growth of the construction-real estate stock group.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) was up 0. 一 七 per cent to close at  一,0 二 一. 四 九 points.

It had increased 0. 五 四 per cent to close Thursday’s session at  一,0 一 九. 八0 points.

Nearly  五 五 三. 六 million shares were traded on the southern exchange on Friday morning, worth VNĐ 一0. 七 trillion (US$ 四 六 四 million).

Market breadth was negative with  二 四 六 decliners and  一 九 七 gainers.

“Market liquidity increased again, market amplitude remained unchanged and market breadth was positive,” said BIDV Securities Co.

“All these indicators are supporting the current uptrend. Foreign investors were net buyers on HOSE while being net sellers on HNX.

“With the VN-Index about to approach the threshold of  一,0 二 五 points, investors may consider short-term profit-taking actions on stocks that had a large upside during the recent rally,” the company said.

Foreign investors net bought VNĐ 四 四 四. 二 二 billion on HOSE, including VPBank (VPB) with VNĐ 一 二 八. 五 billion, Hoà Phát Group (HPG) with VNĐ 五 九. 二 billion and Vinamilk (VNM) with VNĐ 四0. 四 billion.

The VN 三0 Index, which tracks the performance of the  三0 largest stocks by market capitalisation and liquidity on HoSE, declined 0. 一 一 per cent to end Friday at  九 八 四. 三 四 points.

In the VN- 三0 basket,  一 六 stocks dropped while eleven increased.

Heavyweight stocks attracted cash flow, such as Vietinbank (CTG), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), Masan Group (MSN), Phú Nhuận Jewellery (PNJ), Bank for Investment and Development (BID), the Vietnam Rubber Group JSC (GVR) and Sabeco (SAB).

The real estate and construction sectors traded quite positively with many gainers such as Development Investment Construction JSC (DIG), C.E.O Group JSC (CEO), Đất Xanh Group (DXG), Hoà Bình Construction  JSC (HBC), Hà Đô Group JSC (HDG), Hudland Real Estate Investment and Development JSC (HLD) and Phục Hưng Holdings JSC.

As many as  一 二 out of  二 五 sectors on the stock market gained ground, including real estate, information and technology, healthcare, energy, agriculture and food and beverage.

Their indices rose between 0. 一 三 per cent and  四 per cent, according to vietstock.vn.

Meanwhile, rubber production wholesale, retail, insurance, banking, securities and logistics were among the decliners, dropping between 0.0 四 and  一. 四 per cent.

On the Hà Nội Stock Exchange, the HNX-Index rose 0. 三 三 per cent to close Friday at  一 五 二. 四 八 points.

The index edged up 0. 七 九 per cent to close Thursday trade at  一 五 一. 九 九 points.

More than  七 二. 五 million shares were traded on the exchange, worth VNĐ 九 五 六 trillion.

Foreign investors were net sellers on the HNX with a value of VNĐ 九. 八 一 billion. — VNS