All main indexes gain ground on last day of week.
Investor sentiment was quite positive in the afternoon session on November 16, with banking stocks such as BID, CTG, VCB, ACB, MBB, VPB, HDB and TCB increasing strongly.
Securities and real estate and construction stocks also rose and petroleum, seafood, and textiles and garments attracted good cash flows.
After a strong period in the early afternoon, profit-taking pressure suddenly took hold from 2pm, which resulted in the index losing some of its gains. Garment stocks saw major profit-taking pressure.
Bluechips such as VHM, VRE, VIC, BHN, SAB and VCB lost ground and curbed momentum gained.
However, the efforts of ACB, CTG, BID, MBB, VPB, HDB, TCB and TPB gave much-needed support.
In oil and gas, GAS, PVS, PVD, PVB, BSR, OIL and POW had positive days, with GAS rising VND4,600 ($0.19) to VND95,000 ($4.07). Large caps such as MSN, BVH, FPT, HPG, VJC and MWG also rose.
At the close of trade, the VN-Index had increased 1.04 points (0.12 per cent) to 898.19 points, the HNX-Index 2 points (1.98 per cent) to 103.01 points, and the UPCoM-Index 0.72 points (1.41 per cent) to 51.97 points. Market liquidity improved significantly, with a matching order value of VND3.7 trillion ($158.7 million).
Foreigners continued to net sell overall, by more than VND120 billion ($5.1 million), but net sold on HSX and net bought HNX and UPCoM.
My Van report on Vneconomictimes
Securities and real estate and construction stocks also rose and petroleum, seafood, and textiles and garments attracted good cash flows.
After a strong period in the early afternoon, profit-taking pressure suddenly took hold from 2pm, which resulted in the index losing some of its gains. Garment stocks saw major profit-taking pressure.
Bluechips such as VHM, VRE, VIC, BHN, SAB and VCB lost ground and curbed momentum gained.
However, the efforts of ACB, CTG, BID, MBB, VPB, HDB, TCB and TPB gave much-needed support.
In oil and gas, GAS, PVS, PVD, PVB, BSR, OIL and POW had positive days, with GAS rising VND4,600 ($0.19) to VND95,000 ($4.07). Large caps such as MSN, BVH, FPT, HPG, VJC and MWG also rose.
At the close of trade, the VN-Index had increased 1.04 points (0.12 per cent) to 898.19 points, the HNX-Index 2 points (1.98 per cent) to 103.01 points, and the UPCoM-Index 0.72 points (1.41 per cent) to 51.97 points. Market liquidity improved significantly, with a matching order value of VND3.7 trillion ($158.7 million).
Foreigners continued to net sell overall, by more than VND120 billion ($5.1 million), but net sold on HSX and net bought HNX and UPCoM.
My Van report on Vneconomictimes