Shares end week up in southern bourse

Investor follows transactions on a mobile device (Photo: VNA)

Hanoi (VNA) – Shares concluded
the final week of August on a positive note on the HCM Stock Exchange, with the
benchmark VN-Index expanding 0.76 percent to close on September 1 at 788.73
points.

Heavyweight shares continued to support the
market, with consumer goods leading the way.

Dairy giant Vinamilk and brewery Sabeco,
the two biggest listed firms on the southern bourse by market value, gained 2.1
percent and 1.4 percent, respectively. Vinamilk’s outstanding shares accounted
for 10.96 percent of total market capitalisation while the number for Sabeco
was 8.13 percent.

Meanwhile, the biggest listed energy firm
PV Gas rose 1.44 percent.

Sixteen of the top 30 largest shares by
market value and liquidity (VN30) advanced and 10 declined.

Many sectors witnessed large divergences.

In the banking sector, Vietcombank and BIDV
gained but Military Bank and Sacombank tumbled. In the construction and real
estate industry, Kinh Bac City Development and HCM City Infrastructure
Investment slumped while VinGroup and Novaland Investment Group perked up.

According to BIDV Securities Co (BSC),
although today the VN-Index increased, liquidity was significantly lower than
the previous session.

Though the VN-Index has successfully tested
short-term resistance at 785 points, contrary to the previous session when cash
tended to flow back into leading stocks, cash on September 1 significantly
weakened in the VN30, bank and real estate shares, BSC wrote in the September 1
report.

“The uptrend today was partially contained
in the resistance zone as well as affected by the psychology of the holiday,”
the report said.

The VN-Index increased four out of five
total sessions this week with combined growth of 2.2 percent.

Speculative stocks performed unexpectedly
well after several bearish sessions, with popular stocks such as FLC Group,
Ocean Group, FIT Group, HAI Agrochem and Hoang Quan Consulting-Trading-Service
Real Estate leading the market by trading volume with several millions to more
than ten million shares traded.

These stocks closed up 1.5-6.7 percent
each.

On the Hanoi Stock Exchange, without the
aid of large-cap stocks, the HNX-Index inched down 0.07 percent to 103.81
points.

Only 181.6 million shares worth total 3.6
trillion VND (158.6 million USD) were traded in the two markets, down 35 percent
in volume and 31.4 percent in value compared to the previous day’s figures.-VNA



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