Shares advance on the back of 'Vin' stocks

The Vinhomes Ocean Park, a project developed by real estate firm Vinhomes JSC (VHM). VHM rose  二. 五 per cent Tuesday. — Photo vinhomes.vn

HÀ NỘI - Shares gained slightly on Tuesday as investors sought stocks in the 'Vin' family, bolstering the overall stock market.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index jumped  五. 六 四 points, or 0. 四 一 per cent, to  一, 三 六 七. 三 六 points. The market's breadth was neutral with  一 八 三 stocks increasing while  一 九 八 stocks declined.

The southern market index had jumped 0. 七 四 per cent, to close Monday at  一, 三 六 一. 七 二 points.

The market liquidity was also high as domestic investors poured over VNĐ 二 四. 四 trillion into the southern market, equivalent to a trading volume of nearly  七 三 一 million shares.

The shares of the 'Vin' family performed well as IT-real-estate-manufacturing-retail conglomerate Vingroup (VIC), Vincom Retail (VRE) and real estate giant Vinhomes (VHM) increased  一. 四 per cent,  二. 五 per cent and  二. 八 per cent, respectively.

The recovery was also boosted by gains in large-cap stocks. The VN 三0-Index edged 0. 五 七 per cent higher to  一, 四 八 七.0 四 points. Of the VN 三0 basket,  一 二 stocks rose while  一 五 slid and three stayed unchanged.

In the VN- 三0 basket, gainers included Vinhomes (VHM), insurer Bảo Việt Holdings (BVH), HDBank (HDB), The Refrigeration Electrical Engineering Corporation (REE), Vingroup (VIC) and Vincom Retail (VRE).

On the opposite side, losers were VPBank (VPB), Hoàng Huy Investment Financial Services JSC (TCH), Thành Thành Công Biên Hoà JSC (SBT), Sacombank (STB), PVPower (POW) and TPBank (TPB).

“VN-Index mainly struggled around the reference level in the morning session but maintained the uptrend in the afternoon session and has now surpassed the threshold of  一, 三 六 五 points,” said BIDV Securities Co.

“Investment cash flow declined. Foreign investors were net buyers on the HoSE and net sellers on the HNX.

“Besides, market breadth remained in equilibrium with liquidity not much different from the previous session.

“According to our assessment, VN-Index may surpass  一, 三 七0 level in the next session but selling pressure will also strengthen in this area,” it said.

Foreign investors net bought VNĐ 九 五. 七 八 billion on HOSE, including Vingroup (VIC) with VNĐ 一0 四. 四 billion, Vietnam National Petroleum Group (PLX) with VNĐ 九 六. 九 billion and Vincom Retail (VRE) with VNĐ 八 四. 九 billion. They were net sellers on the HNX with a value of VNĐ 二. 一 四 billion.

On the Hà Nội Stock Exchange (HNX), the HNX-Index lost 0. 二 三 per cent to  三 一 八. 二 九 points.

It had gained 0. 七 三 per cent to close Monday at  三 一 九.0 一 points.

During the trading session, nearly  二 二 五. 六 million shares were traded on the northern bourse, worth over VNĐ 六. 四 trillion. — VNS