Securities stocks push VN-Index up 9 points

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), gained 8.73 points, or 0.72%, to close at 1213.16 on Wednesday, thanks to the rally of securities stocks.

The major bourse saw up to 320 gainers and 167 losers, with 912 million shares changing hands for VND20.87 trillion ($864.09 million), a decrease of 5.1% from the previous session.

The VN30-Index, which tracks the performance of 30 largest-cap stocks, surged 10.09 points to 1,225.56, with up to 22 tickers rising.

Securities stocks became the focus of attention, with many hitting their ceiling prices such as HCM of Ho Chi Minh Securities, BSI of BIDV Securities, FTS of FPT Securities, and CTS of VietinBank Securities.

Other stocks also gained well. SSI of Saigon Securities increased 3.55%, VCI of Viet Capital Securities 3.53%, VND of VNDirect Securities 4.91%, VIX of VIX Securities 3.73%, and AGR of Agribank Securities 4.85%.

The banking group also closed in the green, with TPB of TPBank up 2.89% and CTG of VietinBank 2.72%, ACB of Asia Commercial Bank 1.81%, and VIB of Vietnam International Bank 1.01%.

In the real estate group, VIC of conglomerate Vingroup continued to show bad performance, losing 2.21%. It was followed by NVL of Novaland, down 1.47%, CRE of Century Land 1.02%, CTD of Coteccons Construction JSC 1.28%, and HBC of Hoa Binh Construction 2.43%.

However, the green overwhelmed other stocks like DIG up 2.89%, CII of Ho Chi Minh City Infrastructure Investment JSC 3.73%, TCH of Hoang Huy Investment Financial Services JSC 3.72%, HDC of Ba Ria-Vung Tau House Development JSC 2.84%, DXS of Dat Xanh Services 2.69%, KHG of Khai Hoan Land 2.13%, HPX of Hai Phat Invest 3.4%.

Retail tickers also closed in the green while the manufacturing, aviation and energy groups saw a divergence.

Foreign investors turned net buyers on the HoSE to the tune of nearly VND523.9 billion ($21.7 million) after net selling VND130 billion ($5.4 million) in the previous session. They net purchased KDC of food producer KIDO Group and CTG.

The HNX-Index on the Hanoi Stock Exchange, where mid and small caps list, was up 0.60% to 247.96 points, while the UPCoM-Index on the Unlisted Public Companies Market rose 0.35% to 92.68.