Shares rebound on banking, mining and securities stocks

On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index gained 0.82 per cent to close at 1,270.81 points.

The index had dropped 0.69 per cent to close Monday at 1,260.43 points.

Market breadth was positive with 140 decliners and 308 gainers.

Some 565 million shares were traded on the southern exchange, worth VND14 trillion (US$597.5 million).

A facility of Binh Son Refining and Petrochemical Company Limited (BSR). BSR rose 3.7 per cent on Tuesday.-VNA/VNS Photo

The VN30-Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, gained 0.51 per cent to reach 1,292.00 points. In the basket, 22 stocks climbed, two stayed flat and six slid.

Banking stocks gained ground with most of the stocks in the basket rising, including Vietinbank (CTG), Asia Commercial Bank (ACB), Vibank (VIB) and Tien Phong Bank (TPB), National Commercial Joint Stock Bank (NVB), Vietcombank (VCB), Military Bank (MBB), Bank for Investment and Development of Vietnam (BID), Techcombank (TCB) and Sacombank (STB).

VPBank (VPB) was the only decliner in the banking group.

The securities group was also hit strongly with two giants SSI Securities Inc (SSI) and VNDirect Securities Co (VND) dropping 2.8 per cent and 2.5 per cent, respectively.

Energy stocks also attracted cash flow with gainers such as Viet Nam National Petroleum Group (PLX), Binh Son Refining and Petrochemical Company Limited (BSR), PV Power (POW), PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling and Well Services Corporation (PVD) and Drilling Mud Joint Stock Corporation (PVC).

On a sector basis, 23 out of 25 sector indices on the stock market gained ground, including oil and gas, banking, wholesale, construction, rubber production, IT and logistics, agriculture, real estate, food and beverage, retail, seafood production, construction materials, securities, and plastic and chemical production.

Losers, meanwhile, included insurance and healthcare.

The HNX-Index on the Ha Noi Stock Exchange (HNX) rose 1.5 per cent to close Tuesday at 299.14 points.

The index had lost 1.08 per cent to close Monday at 294.73 points.

More than 89.5 million shares were traded on the northern exchange, worth VND1.9 trillion.

Shares end week on negative note The stock market ended the week on a negative note as increased selling pressure made indices reverse to fall in the final minutes of trading.

Shares retreat after four-day rally, liquidity declines Shares ended the week on a negative note, putting a break on a four-day rally streak, as investors became timid when the VN-Index approached the resistance zone.

Shares to keep upward trend this week: brokers Vietnamese shares are forecast to continue their upward trend this week as profit-taking pressure is cooling down significantly.

SHS shares banned from margin trading starting August 23 Saigon - Hanoi Securities JSC (SHS)'s shares are not allowed to perform margin trading due to negative profit after tax in the first six months of 2022 after being reviewed by AASC Auditing Firm, according to the Ha Noi Stock Exchange (HNX).