VN-Index increases for fourth consecutive session
The VN-Index, which represents the Ho Chi Minh Stock Exchange (HoSE), gained 1.69 points, or 0.16%, to 1,046.79 on Friday, marking its fourth gaining session in a row.
The major bourse saw nearly 580 million shares changing hands for VND9.4 trillion ($399.57 million), an increase of VND1.7 trillion from the previous session.
In addition to real estate, the cash flow continued to run into the finance-banking group, with more than VND3.4 trillion ($144.5 million).
VN30 index, which tracks the performance of the 30 largest-cap stocks, rose 4.82 points to 1,051.42.
NVL of Novaland became the focus of attention, hitting its ceiling price of VND11,900 ($0.51) after the group’s shareholders approved a plan to raise its chartered capital to at least VND29 trillion ($1.23 billion).
The real estate developer's shareholders also okayed a plan on private placement of 975 million shares to strategic investors and offering of 1.95 billion shares to existing shareholders.
The trading volume of NVL also hit the highest level in one month, at more than 30 million shares, placing the stock in the list of five tickers that had the most positive impact on the VN-Index.
Many other real estate codes also closed in green in the week-ending session. NLG of Nam Long Group hit its ceiling price, while PDR of Phat Dat Real Estate Development Corp., SCR of Sai Gon Thuong Tin Real Estate JSC, HQC of Hoang Quan Corp., VHM of Vinhomes, and DIG of DIG Corp. increased by more than 2%.
Foreign investors were net buyers on the HoSE for the fourth consecutive session to the tune of over VND125 billion ($5.3 million). VHM was net purchased most by them with a value of over VND70 billon ($2.97 million), while MSN of Masan Group was net sold most, at nearly VND50 billion ($2.12 million).
The HNX-Index on the Hanoi bourse went up 2.4 points to 205.72, while the UpCOM-Index on the unlisted public company market remained unchanged.
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