VN-Index gains for third straight session with improved liquidity

The VN-Index, representing the Ho Chi Minh Stock Exchange (HoSE), increased 2.62 points on Wednesday, or 0.23%, to close at 1,134.62 with improved liquidity.

The major bourse’s trading value surged nearly 18% from the previous session to VND17.2 trillion ($723.9 million), with more than 807 million shares changing hands. There were 218 tickers rising, 78 staying flat, and 182 declining.

The VN30 index, which tracks the performance of 30 largest-cap stocks, inched up 1.76 points to 1,129.76 with 16 gainers and 13 losers.

Among banking stocks, VCB of Vietcombank was the biggest gainer, expanding 2%.

Securities tickers saw a divergence. While SSI of Saigon Securities went down 1.13%, VND of VNDirect Securities 1.53%, VCI of Viet Capital Securities 1.26%, HCM of Ho Chi Minh City Securities 0.84%, and FTS of FPT Securities 1.31%; while BSI of BIDV Securities went up 3.3%, ORS of Tien Phong Securities 2.89 %, and VDS of Viet Dragon Securities 1.04%.

In the real estate group, the red covered VHM of Vinhomes, VIC of Vingroup, BCM of Becamex IDC Corp., NVL of Novaland, and KBC of Kinhbac City Development Holding Corp. In the opposite direction, VRE of Vincom Retail, PDR of Phat Dat Real Estate Development Corp, NLG of Nam Long Group, and AGG of An Gia Group closed in the green.

Other groups like manufacturing, energy, aviation, and retail were also in the same situation.

Foreign investors turned net buyers on the HoSE to the tune of VND184 billion ($7.74 million) after net selling VND450 billion ($18.98 million) in the previous session. They mainly net purchased HPG of steel giant Hoa Phat, TCM of Thanh Cong Textile Garment Investment Trading JSC, and DGC of Duc Giang Chemicals.

The HNX-Index on the Hanoi bourse dropped 0.92 points to 227.84, while the UpCOM-Index on the unlisted public company market lost 0.12 points to 85.41.