Insurance shares continued driving the national market up, helpingthe VN Index approach the benchmark of 630 points on July 10. However,the index lost its growth during the last minutes as blue chips couldnot maintain their strong increases.
By the end of the session,the VN Index added 5.18 points, equal to 0.83 percent, to reach 627.28points on the Hochiminh Stock Exchange.
On the Hanoi Stock Exchange, the HNX Index also made gain with an increase of 0.37 percent to finish at 88.24 points.
In total, local bourses traded 272.5 million shares, worth 4.13 trillion VND (191.5 million USD).
Overall, there were 207 advancing stocks and 179 decliners, while total 269 shares remained flat.
Bankshares had a positive session after the State Bank of Vietnam allowedcommercial banks to raise their targeted credit growth.
Amongthem, only Sacombank (STB) recorded a slight loss in market value, whileVietinbank (CTG) gained 1,300 VND or 6.19 percent in market value to22,300 VND per share.
Insurance shares led maket growth. Threereached ceiling values - BIDV Insurance Corporation (BIC), Bao MinhInsurance Corporation (BMI) and Bao Viet Holdings (BVH). BVH made thehighest gain of 3,500 VND to 58,000 VND per share.
Gas shareswere mixed on the southern bourse. Although Petrovietnam Gas Corporation(GAS) declined, the rise of Petrovietnam Drilling & Well ServiceCorporation (PVD) and Petrovietnam Transportation Corporation (PVT)contributed to help lift the market.
Among blue chips, Kinh DoCorporation (KDC) and Hoa Sen Group (HSG) extended their gains. KDCadded 1,700 VND to 45,800 VND per share, while HSG rose by 2.57 percentto 43,800 VND per share.
These two blue chips had the highest gains on the market.
Otherlarge-cap shares including Ma San Group (MSN), Vingroup Corporation(VIC) and Refrigeration Electrical Engineering Corporation (REE) alsorose and lifted the market.
The market growth was limited as someof the large-cap shares fell from the previous session’s values. Theperformance of securities shares was less than expected.
HCM CitySecurities Corporation (HCM), Sai Gon Securities Incorporation (SSI),VNDirect Securities JSC (VND) and IB Securities JSC (VIX) were typicalsecurities shares that lost their positions on the market.
OceanGroup Corporation (OGC) and Military Bank (MBB) were the two most activecodes with 17.4 and 16.8 million shares traded, respectively.
Onthe northern market, Sai Gon Thuong Tin Real-Estate JSC (SCR) toppedthe trading activity with nearly 5.8 million shares and gained 3.49percent to 8,900 VND per share.
Foreign investors returned to benet buyers during the session. The market recorded total 64.8 billionVND (3 million USD) in net buy value, which was a big improvementcompared to a net sell value of 13.7 billion VND (634,200 USD) on theprevious day.-VNA
By the end of the session,the VN Index added 5.18 points, equal to 0.83 percent, to reach 627.28points on the Hochiminh Stock Exchange.
On the Hanoi Stock Exchange, the HNX Index also made gain with an increase of 0.37 percent to finish at 88.24 points.
In total, local bourses traded 272.5 million shares, worth 4.13 trillion VND (191.5 million USD).
Overall, there were 207 advancing stocks and 179 decliners, while total 269 shares remained flat.
Bankshares had a positive session after the State Bank of Vietnam allowedcommercial banks to raise their targeted credit growth.
Amongthem, only Sacombank (STB) recorded a slight loss in market value, whileVietinbank (CTG) gained 1,300 VND or 6.19 percent in market value to22,300 VND per share.
Insurance shares led maket growth. Threereached ceiling values - BIDV Insurance Corporation (BIC), Bao MinhInsurance Corporation (BMI) and Bao Viet Holdings (BVH). BVH made thehighest gain of 3,500 VND to 58,000 VND per share.
Gas shareswere mixed on the southern bourse. Although Petrovietnam Gas Corporation(GAS) declined, the rise of Petrovietnam Drilling & Well ServiceCorporation (PVD) and Petrovietnam Transportation Corporation (PVT)contributed to help lift the market.
Among blue chips, Kinh DoCorporation (KDC) and Hoa Sen Group (HSG) extended their gains. KDCadded 1,700 VND to 45,800 VND per share, while HSG rose by 2.57 percentto 43,800 VND per share.
These two blue chips had the highest gains on the market.
Otherlarge-cap shares including Ma San Group (MSN), Vingroup Corporation(VIC) and Refrigeration Electrical Engineering Corporation (REE) alsorose and lifted the market.
The market growth was limited as someof the large-cap shares fell from the previous session’s values. Theperformance of securities shares was less than expected.
HCM CitySecurities Corporation (HCM), Sai Gon Securities Incorporation (SSI),VNDirect Securities JSC (VND) and IB Securities JSC (VIX) were typicalsecurities shares that lost their positions on the market.
OceanGroup Corporation (OGC) and Military Bank (MBB) were the two most activecodes with 17.4 and 16.8 million shares traded, respectively.
Onthe northern market, Sai Gon Thuong Tin Real-Estate JSC (SCR) toppedthe trading activity with nearly 5.8 million shares and gained 3.49percent to 8,900 VND per share.
Foreign investors returned to benet buyers during the session. The market recorded total 64.8 billionVND (3 million USD) in net buy value, which was a big improvementcompared to a net sell value of 13.7 billion VND (634,200 USD) on theprevious day.-VNA
