Foreign investors’ net stock purchase hits $23 mln

The Vietnamese stock market gained for the second consecutive session Wednesday, with foreign investors' net purchase reaching over VND566 billion ($22.76 million) on the Ho Chi Minh Stock Exchange (HoSE).

The benchmark VN-Index, which tracks the HoSE’s performance, closed the day at 985.59 points, up nearly four points or 0.4%, with 583 million shares changing hands for about VND10,393 billion ($418 million).

The major bourse recorded 245 gainers and 178 losers. Particularly, 18 out of 30 blue chips in the VN30 basket closed above their reference price.

The main supports for the market gain remained banking and oil and gas stocks, with POW of PV Power as the best performer, rising nearly 4%. It was followed by BID of BIDV bank with 3.6%; and CTG of Vietinbank, PLX of Petrolimex and HDB of HDBank, over 2%.

All tickers of the Vingroup ecosystem namely VHM, VIC and VRE showed positive performance. Among the mid-cap, many real estate stocks made a rebound after a streak of consecutive declines. DXG, CEO, HQC, NLG of Dat Xanh Group, CEO Group, Hoang Quan Consulting-Trading-Service Real Estate Corporation and Nam Long Group, respectively, closed in the green color.

However, some other codes in this group were still under selling pressure. In the VN30 basket, NVL of Novaland Group and PDR of Phat Dat Real Estate Development JSC continued to hit their floor prices with low liquidity.

Construction and steel stocks also saw negative developments, with NKG of Nam Kim Steel JSC hitting its floor price; HSG of Hoa Sen Group losing nearly 3%; HPG of Hoa Phat Group, CTD of Coteccons Construction JSC, and HBC of Hoa Binh Corporation closing in the red color.

The HNX-Index on the Hanoi bourse was up 1.62 points or 0.81% to 201.39, while the UpCOM-Index on the unlisted public company market decreased 0.08 points or 0.11% to 72.20.