Market still on a roll

Large bidding volumes were ordered on Military Bank (MBB), Eximbank (EIB), Sacombank (STB), pushing those stocks outperforming the market with some 4 million shares matched each. Those stocks all jumped sharply.

Besides, STB also saw 4.9 million units negotiated. Foreigners also strongly bought STB and MBB.

Habubank (HBB) and Saigon-Hanoi Bank (SHB) also surprised the market. A large volume of 9.2 million HBB shares were matched today, while SHB seeing 4.3 million shares traded. Those two stocks soared 6.38 per cent and 5.63 per cent respectively.

Asia Commercial Bank (ACB) also advanced 2.63 per cent with more than one million shares matched. Leading banks Vietinbank (CTG) and Vietcombank (VCB) both slipped.

The benchmark VN-Index of Ho Chi Minh Stock Exchange (HoSE) ended at 411.39 points, up 1.86 points or 0.45 per cent. Matching volume kept quite strong at 41 million shares worth VND564.3 billion ($27.3 million), boosting total value further to VND770 billion ($37.2 million).

Matching volume also soared on the Hanoi Stock Exchange (HNX) to 51.5 million shares worth VND770 billion ($37.2 million), but HNX-Index just slightly added 0.08 points or 0.13 per cent to 63.82 points.

Decliners amounted to 110 stocks on the HoSE, outrunning 105 advancers. Some 73 stocks were unchanged. HNX saw 119 stocks up and 114 off.

Saigon Securities Inc. (SSI), PetroVietnam Finance (PVF), Ocean Group (OGC) and Becamex Infrastructure Development (IJC) sunk.

HNX’s leading stocks like Kim Long Securities (KLS), VNDirect Securities (VND), PetroVietnam Construction (PVX), Vietnam Construction and Import-Export (VCG) also tumbled as the holders rushed to lock in profits.

A number of low-price stocks Petro Capital Infrastructure Investment (PTL), Bac Giang Exploitable Mineral (BGM), PetroVietnam-Idico Long Son Industrial Park Investment (PXL) rallied.