VN-Index gains for ninth consecutive session

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), rose 5.2 points, or 0.49%, to 1,064.64 on Friday, marking its ninth consecutive gaining session and the longest streak in 20 months.

The major bourse saw nearly 640 million shares changing hands for over VND11.8 trillion ($502.65 million), an increase of VND800 billion ($34.1 million) from the previous session. There were 198 stocks gaining and 184 losing.

VN30 index, which tracks the performance of the 30 largest-cap stocks, gained 6.44 points to 1,073.68.

Real estate, securities and banking groups made the greatest contributions to the VN-Index gain, while oil and gas, steel and construction had the most negative impact.

Thr securities group became the focus of attention with 20 stocks gaining, including two hitting their ceiling prices, namely BSI of BIDV Securities and VIG of Vietnam Industrial & Commercial Securities.

Real estate tickers also made positive performance, with KBC of Kinhbac City Development Holding Corporation recording the maximum increase, VHM of Vinhomes expanding 3.9% and DIG of DIG Corp. 4.65%.

Foreign investors turned net buyers on the HoSE after two consecutive net-selling sessions to the tune of nearly VND200 billion ($8.51 million). HPG of steel giant Hoa Phat was most net purchased with over VND90 billion ($3.8 million), followed by VHM and VIC of Vingroup.

The HNX-Index on the Hanoi bourse went up 1.55 points to 207.5, while the UpCOM-Index on the unlisted public company market increased 0.27 points to 76.76.