Securities stock rally helps VN-Index close in green

Vietnam’s benchmark VN-Index inched up 0.73 points, or 0.06%, to close at 1,180.49 on Tuesday thanks to the rally of securities stocks.

The trading value on the Ho Chi Minh Stock Exchange (HoSE), represented by the index, reached more than VND21.7 trillion ($911 million), a slight fall of VND500 billion ($21 million) from the previous session.

The financial group led the market in liquidity, accounting for nearly one third of the HoSE’s trading value.

The major bourse saw 250 losers and 220 gainers, with over 1.05 billion shares changing hands.

The VN30-Index, which tracks the performance of 30 largest cap stocks, gained 3.19 points to 1,193.51, with 15 tickers rising and 14 declining.

Securities stocks rallied as SSI of Saigon Securities gained 6.41%, VND of VNDirect Securities 2.69%, HCM of Ho Chi Minh City Securities 2.46%, VCI of Viet Capital Securities 5.2%, FTS of FPT Securities 2.8%, BSI of BIDV Securities 3.17%, VDS of Viet Dragon Securities 4.58%, and CTS of VietinBank Securities 3.73%.

Banking codes closed in the green, with TCB of Techcombank up 1.07%, STB of Sacombank 1.1%, HDB of HDBank 1.23%, LPB of LPBank 1.99%, and EIB of Eximbank 2.39%.

The real estate, energy and retail groups saw a divergence while manufacturing stocks closed in the red.

Foreign investors turned net buyers on the HoSE after three consecutive net-buying sessions to the tune of over VND700 billion ($29.38 million). They mainly net sold HPG of steel maker Hoa Phat, STB of Sacombank, and VPB of VPBank.

The HNX-Index at the Hanoi Stock Exchange expanded 1.68 points to 239.65, while the UPCoM-Index at the Unlisted Public Companies Market inched up 0.01 points to 89.51.