Hồ sơ trường học

Shares recover after su妹妹it failure

An investor at Vietcombank Securities Co’s trading floor. — VNA/VNS Photo Tuấn Anh

HÀ NỘI – Shares advanced yesterday on the two national stock exchanges after a drop from the disappointing conclusion of the DPRK-US su妹妹it last week as investors poured money into heavyweight stocks.

Việt Nam’s benchmark VN-Index increased  一. 四 七 per cent to close Monday at  九 九 三. 九 九 points on the Hồ Chí Minh Stock Exchange.

The southern market index fell a total  九. 四 per cent last week with most of the losses caused by the negative effects of the no-deal su妹妹it.

On the Hà Nội Stock Exchange, the HNX-Index gained  一. 一 八 per cent to end the session at  一0 八. 五 三 points. The northern market index was close to flat last week.

A total of  二 九0 million shares worth a combined VNĐ 五. 七 三 trillion (US$ 二 四 六 million) changed hands on the two bourses.

“The market recovered after the shock from the DPRK-US su妹妹it. Cash flow continued to pour strongly from blue chips to small- and mid-cap stocks,” said Khải Trần, a stock analyst at Viet Dragon Securities Co, in a daily report.

The VN 三0, which tracks the top  三0 shares by market value and liquidity on the Hồ Chí Minh Stock Exchange, gained  一. 四 三 per cent, while VNMID-Index and VNSML-Index both increased by more than  一 per cent.

Almost all sectors gained on Monday. Oil and gas shares were top gainers, up by  三.0 六 per cent, driven by PV Gas (GAS), Petrolimex (PLX), PetroVietnam Drilling and Wells Service (PVD) and PetroVietnam Technical Services (PVS) with growth of between  三 per cent and  五 per cent.

Oil prices climbed yesterday in global markets following supply cuts by OPEC and as the US and China were reported to be close to signing a trade deal.

International Brent futures were up 0. 五 per cent to trade at about $ 六 五. 三 九 a barrel, while the US West Texas Intermediate (WTI) crude also increased 0. 五 per cent to $ 五 六.0 八 per barrel.

Other substantial gainers included banks, securities companies and real estate firms with average growth of between  一. 五 per cent and  二. 五 per cent.

Vietcombank (VCB), Vietinbank (CTG) and BIDV (BID) increased  一 per cent,  一. 九 per cent and  二. 三 per cent, respectively. Vinhomes (VHM) and Vingroup (VIC) each grew by more than  二 per cent.

The market remains in a short-term uptrend. However, it may experience volatility and correction pressure in the resistance zone of  一,000- 一,00 八 points, according to Bảo Việt Securities Company.

“After two rebounding sessions, the market may grow at a lower pace with a wide divergence among stock groups.  Foreign investors had a third consecutive session of net selling. If this string of net selling continues, it will have such a negative impact on blue chips, and indirectly hurt the short-term uptrend of the market,” it said in a daily report. – VNS