Stock market makes smart recovery in August

September 07, 2020 | 09:51

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The resurgence in Covid-19 in late July had a negative impact on the stock markets then, but thanks to the Government’s control of the outbreak along with economic stimulus and increased public investment, the stock market recovered significantly in August.

stock market makes smart recovery in august

A representative of Industrial park (IP) developer Becamex IDC Corp gets approval for listing on the HCM City stock market (HOSE) last month. All stock indices on HOSE gained in August after slumping in July. - VNS Photo

All indices on the Ho Chi Minh Stock Exchange gained last month.

On the last trading day of the month, the benchmark VN Index closed at 881.65 points, up 10.43 per cent for the month.

The VNAllshare closed 10.81 per cent up at 797.34, and the VN30 was up 11.23 per cent at 823.93.

Some sectors saw even sharper growth: energy (VNENE) was up 24.02 per cent, consumer goods (VNCONS) gained 19.42 per cent and materials (VNMAT) rose by 14.29 per cent.

The average daily trading value and volume were VND5.07 trillion (US$217.4 million) and over 286 million shares, up 11.85 per cent and 5.56 per cent.

Foreign investors ploughed in VND23.78 trillion ($1.02 billion).

The top five stocks they bought were VHM (VND723.57 billion), PLX (VND244.34 billion), PHR (VND144.29 billion), HDB (VND64.04 billion), and STB (VND52.93 billion).

Covered warrants saw an average trading volume of nearly 8.63 million per session and value of VND12.01 billion, increases of 43 per cent and 44 per cent.

HOSE’s market capitalisation was up 11.64 per cent to nearly VND3.12 quadrillion, or equal to around 43.2 per cent of the country’s GDP last year.

As of August 31, there are 381 stocks, three closed-end fund certificates, six ETF certificates, 90 covered warrants and 42 bonds listed on HOSE.

VNA

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