Banking stocks rallied Friday from a long-lasting lackluster trend, helping the market go up again.
Military Bank (MBB) advanced 1.64 per cent, Eximbank (EIB) 2.08 per cent, Sacombank (STB) 2.7 per cent, Asia Commercial Bank (ACB) jumped 5.63 per cent while Saigon-Hanoi Bank (SHB) adding 1.89 per cent. However, Vietcombank (VCB) eased back after rising in previous sessions.
The banking sector recovery helped the market again today. Ho Chi Minh Stock Exchange’s (HoSE) VN-Index ended up 1.02 points or 0.26 per cent to 392.21 points. Hanoi Stock Exchange’s (HNX) closed at 54.44 points, up 0.36 points or 0.67 per cent against the previous session.
Meanwhile, shares significantly increased today pushed numerous tickers down.
Real estate tickers Tan Tao Investment Industry Corp. (ITA), Ocean Group (OGC), Hoang Anh Gia Lai (HAG), Development Investment Construction (DIG) significantly lost. Saigon Infrastruction (???) Real Estate Investment (SII), Tu Liem Urban Development (NTL), Ho Chi Minh City Infrastructure Investment (CII), Vincom Group (VIC) still gained.
Mineral stocks Binh Thuan Mineral Industry (KSA), Nari Hamico Minerals (KSS), Tay Bac Minerals Investment (KTB) all ended flat. Bac Giang Exploitable Mineral (BGM) advanced while Lao Cai Mineral Exploitation & Processing (LCM) lost.
Some 102 stocks were up on the southern bourse, while 83 were off and 128 unchanged.
Liquidity significantly reduced, with matching value falling to VND400 billion ($19.2 million).
However, surging put-through value pushed total liquidity up to 43.1 million shares worth VND656.6 billion ($31.6 million).
The sentiment considerably cooled down on the HNX. Several leading sentiment stocks like VNDirect Securities (VND), PetroVietnam Construction (PVX), Petro Vietnam Power Land (PVL), Kim Long Securities (KLS), Bao Viet Securities (BVS) closed at open prices.
Real estate tickers Vietnam Construction and Import-Export (VCG) and FLC Group (FLC) dropped. Saigon Commercial Real Estate (SCR) and PetroVietnam-Nghe An Construction (PVA) still modestly gained.
Liquidity reduced to 43.2 million shares worth VND264.9 billion ($12.7 million) on the northern bourse.