tin tức doanh nghiệp

Shares rise on purchasing power

An investor checks share prices on MB Securities Co’s trading floor. — VNS Photo Truong Vị

HÀ NỘI — Stocks struggled on Thursday morning, but buying force was overwhelming in the afternoon’s session, helping the market rebound.

The benchmark VN Index on the HCM Stock Exchange advanced  一 per cent to close at  九 九 八.0 七 points, reversing its loss of 0. 七 一 per cent on Wednesday.

The HNX Index on the Hà Nội Stock Exchange gained 0. 七 一 per cent to end at  一 一 三. 五 九 points. It gained 0. 四 八 per cent on Wednesday.

More than  二 三 四. 三 million shares were exchanged on the two bourses, worth VNĐ 五. 四 trillion (US$ 二 三 二. 五 million).

Market trading was positive with  二 五 八 gaining stocks and  一 八 五 decliners, while  三0 一 stocks ended flat.

The blue-chip VN 三0 Index, which tracks the  三0 largest shares by market capitalisation, rose  一.0 八 per cent to  九 七 五. 四 三 points.

Cash was poured into large-caps, with gainers including Masan Group (MSN), budget airline Vietjet (VJC), Saigon Securities Incorporation (SSI) and dairy firm Vinamilk (VNM).

In particular, petroleum stocks made gains thanks to increasing global oil prices.

PetroVietnam Gas Joint Stock Corporation (GAS) increased  四 per cent, PetroVietnam Drilling Well Services Corporation (PVD) advanced  三. 三 per cent, PetroVietnam Technical Services Corporation (PVS) moved up  五. 八 per cent and Việt Nam National Petroleum Group (PLX) gained  二. 二 per cent.

WTI crude oil rose  一. 四 per cent to trade at $ 六 九. 五 一 per barrel. Brent crude oil rose 0. 九 八 per cent to $ 七 七.0 四 per barrel.

Banking stocks also increased across the board, driving the market up. Among the gainers were JSC Bank for Investment and Development of Việt Nam (BID), Vietcombank (VCB), Vietinbank (CTG), Techcombank (TCB), VPBank (VPB) and Military Bank (MBB), up between  一 and  三. 七 per cent.

According to BIDV Securities Company (BSC), the positive trend of the market after short-term profit taking on Wednesday will likely help the market break the  一,000-point level and move above this level soon.

“Investors can seek opportunities with good fundamental stocks and high liquidity in the market,” BSC said in its daily report.

Bảo Việt Securities Company said in its daily report that the market was forecast to keep growing with a more balanced influence on groups of stocks in the next sessions. Cash inflows are projected to strongly run into bank, oil-gas and some large-cap stocks.

The UPCOM Index on the Unlisted Public Company Market (UPCoM) edged up 0. 八 八 per cent to finish at  五 一. 七 八 points. The unlisted market index increased 0. 一 per cent in the previous session. — VNS