VN-Index gains for third consecutive session

The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), rose 2.75 points, or 0.24%, to 1,151.77 on Tuesday, marking its third consecutive gaining session.

The main exchange’s transaction value hit over VND19.1 trillion ($805.9 million), a slight increase of VND700 billion ($29.5 million) or 4% from the previous session. Cash flow mainly ran into finance, industry, materials and real estate groups.

There were 236 gainers and 198 losers on the bourse.

The VN30 index, which tracks the performance of 30 largest-cap stocks on the HoSE, gained 3.51 points to 1,146.67, with 16 tickers gaining and 12 losing.

Among the blue chips, HPG of steel giant Hoa Phat ended its seven-session gaining streak on strong selling pressure in the afternoon, going down 1.4% to VND27,300 ($1.15). The stock ranked second on the HoSE by trading value, at nearly VND664 billion ($28.02), after SSI of Saigon Securities.

Along with HPG and other steel tickets, energy, information technology and health groups were also the losers.

Retail stocks showed good performance, with MWG of Mobile World Investment Corp. up 2.2%, PNJ of Phu Nhuan Jewelry 1.09%, and FRT of FPT Retail 1.72%.

Foreign investors were net sellers on the HoSE for the fourth consecutive session to the tune of nearly VND127 billion ($5.36 million). They mainly net sold VRE of Vincom Retail, VCI of Viet Capital Securities, and GMD of logistics firm Gemadept.

The HNX-Index on the Hanoi bourse inched up 0.85 points to 229.22, while the UpCOM-Index on the unlisted public company market rose 0.59 points to 85.82.