VN-Index gains for third consecutive session

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), rose 11.34 points, or 1.09%, to 1,049.18 on Wednesday, marking its third consecutive gaining session.

The HoSE liquidity improved with nearly 510.3 million shares traded for over VND8.53 trillion ($359.6 million), an increase of over 11% from the previous session. The major bourse saw 256 gainers and 123 losers.

The VN30 index, which tracks the performance of 30 largest-cap stocks, expanded 13.43 points, or 1.31%, to 1,040.59 with 27 tickers rising and three declining.

Blue chips in the banking group continued to play an important role with VPB of VPBank, ACB of Asia Commercial Bank, CTG of VietinBank, STB of Sacombank, and MBB of MBBank increasing 1.1-4.3%.

Real estate codes like PDR of Phat Dat Real Estate, NVL of Novaland, and VHM of Vinhomes also closed in green.

Losers on the VN30 basket were SAB of brewer Sebeco, PLX of Petrolimex, and MWG of Mobile World Investment Corp.

Securities was the leading group in this session with an increase of 2.61%. VCI of Viet Capital Securities gained 4.5%, HCM of Ho Chi Minh City Securities 3.1%, SSI of Saigon Securities 2.1%, and FTS of FPT Securities 2.1%.

Green covered many other groups like real estate, steel, oil and gas, seaport, cement and construction.

Foreign investors were net buyers for the second session to the tune of VND241 billion ($10.16 million) on the HoSE. They mainly bought HPG of steel giant Hoa Phat, VND of VNDirect Securities, SSI, FRT of FPT Retail and HSG of steel maker Hoa Sen; while net selling DXG of Dat Xanh Group, DGW of Digital World, and VCB of Vietcombank.

The HNX-Index on the Hanoi bourse went up 1.18 points to 208.68, while the UpCOM-Index on the unlisted public company market rose 0.32 points to close at 76.49.