Mid and small cap rallies push VN-Index up 11 points
The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), surged 11.22 points, or 1.05%, to 1,074.98 on Monday, thanks to the strong gain of mid- and small-cap stocks.
Their VNMID-Index and the VNSML-Index expanded 1.48% and 1.87% respectively, while the VN30-Index of blue chips rose only 0.84%.
The major bourse saw up to 324 tickers increasing, including 45 hitting their ceiling prices and only 69 losing. Its liquidity improved significantly with nearly 845 million shares changing hands for VND13.8 trillion ($587.9 million), an increase of 27% from the previous session last Friday.
The VN-Index surged 11.22 points to 1,074.98 on May 29, 2023. Photo courtesy of VietnamFinance.
Green overwhelmed almost all groups. Securities stocks showed the best performance with VND of VNDirect enjoying the maximum increase, SSI of Saigon Securities up 3.77%, VCI of Viet Capital Securities 2.94, BSI of BIDV Securities 4.38%, and VIX of VIX Securities 4.63%.
Among the banking tickers, EIB of Eximbank gained 3.58% and TPB of TPBank 2.75%, while VCB of Vietcombank, BID of BIDV, VPB of VPBank, TCB of Techcombank, MBB of MBBank, STB of Sacombank, HDB of HDBank, and VIB of Vietnam International Bank 1-1.8%.
The real estate group also made impressions, with a series of stocks hitting their ceiling prices, including ITA of Tan Tao Investment and Industry Corporation, QCG of Quoc Cuong Gia Lai JSC, SGR of Saigon Real Estate JSC, TDC of Binh Duong Trade And Development JSC, EVG of Everland Group, and ITC of Investment and Trading Of Real Estate JSC.
Manufacturing and aviation codes also closed in green, while those of energy and retail companies saw a divergence.
Foreign investors turned net buyers on the HoSE after five consecutive net-selling sessions to the tune of VND125.4 billion ($5.34 million).
In the previous trading week of May 22-26, this group net sold a total of more than VND2.3 trillion ($97.9 million). They mainly withdrew money from securities, banking, steel and real estate stocks.
The HNX-Index on the Hanoi bourse rose 2.67 points to 220.31, while the UpCOM-Index on the unlisted public company market went up 0.55 points to 81.13.
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