VN-Index increases, spotlight on Vingroup shares

October 26, 2020 | 19:33
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Shares on the Ho Chi Minh Stock Exchange were in the green for the whole morning session on Monday with the spotlight on Vingroup (VIC).
vn index increases spotlight on vingroup shares
A Vincom centre in Ha Noi. Vingroup shares climbed 4.4 per cent to VND108,600 (US$4.68) each on Monday morning, outperforming other blue chips in the VN30.- VNS Photo Mai Huong

The VN-Index increased 0.77 per cent to end at 968.7 points.

The overall market breadth was negative, however with the declining stocks outnumbering gaining ones by 205-188.

The market focus this morning was Vingroup whose shares climbed 4.4 per cent to VND108,600 (US$4.68) per share, outperforming other blue chips in the VN30. Its other two subsidiaries – Vinhomes (VHM) and Vincom Retail (VRE) – also increased more than 1 per cent each.

Sixteen of the top 30 shares by market value and liquidity gained value and 11 declined.

Other gainers included big companies such as Vinamilk (VNM), up 1.6 per cent; Techcombank (TC3), up 3.1 per cent; Sabeco (SAB), up 1.2 per cent; Mobile World Investment (MWG), up 2.2 per cent; Masan Group (MSN), up 1.2 per cent; and Phu Nhuan Jewelry (PNJ), up 4.1 per cent.

However, some blue chips were traded in negative territory such as Vietcombank (VCB), BIDV (BID), Vietinbank (CTG), VPBank (VPB), PV Power (POW) and Vietjet (VJC) but their losses were less than 1 per cent.

On the Ha Noi Stock Exchange, without the support of large caps, the HNX-Index edged down 0.24 per cent to 141.36 points.

A total of 223.4 million shares worth more than VND4.2 trillion ($181 million) were traded 0n the two markets.

The afternoon trade starts at 1pm.


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