VN-Index approaches 1,100-point territory

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), went up 6.98 points, or 0.64%, to 1,097.82 on Monday.

The major bourse saw over 948.3 million shares changing hands for VND17.56 trillion ($747.2 million), a slight decrease of VND740 billion from the previous session last Friday. There were 201 gainers and 199 losers.

The VN30 index, which tracks the performance of 30 largest-cap stocks, rose 4.12 points to 1,091.08, with 16 tickers gaining.

Banking stocks continued to lead the market with NVB of National Citizen Commercial Joint Stock Bank hitting its ceiling price, KLB of Kienlongbank up 5.8%, PGB of PGBank 4.2%, VCB of Vietcombank 3.3%, SHB of Saigon-Hanoi Bank 2.5%, SGB of Saigonbank 2.2%, and LPB of LienVietPostBank 2%. Of those, VCB exerted the most positive impact on the VN-Index.

While real estate and securities groups closed in red, manufacturing stocks showed good performance. POM of Pomina Steel hit its ceiling price, VNM of Vinamilk expanded 0.91%, HPG of steel giant Hoa Phat 0.23%, MSN of Masan Group 2.49%, SAB of brewer Sabeco 0.98%, DGC of Duc Giang Chemicals 4.97%, DCM of Petrovietnam Ca Mau Fertilizer JSC 3.04%, VHC of Vinh Hoan Corp 4.29%, and HSG of steel maker Hoa Sen 2.26%.

Tickers of energy and transportation firms made impressive performances as TMP of Thac Mo Hydro Power JSC, HAH of Hai An Transport & Stevedoring JSC, and VOS of Vietnam Ocean Shipping JSC enjoyed the maximum increase, while GAS of PV Gas went up 2.17%, PLX of Petrolimex 2.22%, and POW of PV Power 2.2%.

Foreign investors were net sellers on the HoSE for the fifth consecutive session to the tune of more than VND113.5 billion ($4.83 million). VNM was net sold most with a value of VND97.2 billion ($4.14 million).

The HNX-Index on the Hanoi bourse rose 0.53 points to 226.56, while the UpCOM-Index on the unlisted public company market expanded 0.15 points to 84.11.