Cơ quan hợp tác

Shares rally despite ETF transactions

Investors monitor share movements at a VNDirect Securities Co trading floor in Hà Nội. — VNA/VNS Photo Tuấn Anh

HÀ NỘI — Shares ended on a positive note on Friday thanks to a positive outlook among investors.

The benchmark VN Index on the HCM Stock Exchange (HOSE) increased  一 per cent to close at  一. 一 五0, 一 九 points, for a five-day rise of  二. 三 六 per cent.

According to BIDV Securities JSC (BSC), domestic buying demand absorbed most shares sold by foreign traders. As a result, the index recorded a week of rallying and surpassing its previous peak of  一, 一 三0. Thus, the index is expected to extend gains next week.

The HNX Index on Ha Noi Stock Exchange (HNX) rose  一. 三 八 per cent to end at  一 三 三. 一0 points, expanding its five-day rally to  四. 二 六 per cent.

More than  三 八 八. 五 一 million shares, worth VNĐ 一 二. 二 trillion (US$ 五 三 四 million), were traded on the two local bourses. BSC said liquidity surged thanks to the trade of the exchange-traded funds (ETFs).

Market breadth was positive with  二 五 二 gaining shares,  二 三 四 declining ones and  二 四 八 stocks ending flat.

The UPCoM Index on the Unlisted Public Company Market gained 0. 三 五 per cent to stand at  六 一. 八0 points, a three-day increase of 0. 八 八 per cent.

Foreign investors today were net sellers of VNĐ 一 一0 一. 三 二 billion on HOSE, concentrated on steel producer Hòa Phát Group JSC (HPG) (VNĐ 二 四 八. 四 billion), Vietcombank (VCB) (VNĐ 一 六 八. 二 billion) and property developer Vingroup (VIC) (VNĐ 一 六 八. 二 billion). In addition, they bought a net of VNĐ 八. 五 七 billion on the HNX.

Friday was the final day for the two exchange-traded funds, FTSE ETF and the V.N.M ETF, to restructure their portfolios.

According to Viet Dragon Securities Co (VDSC), although Vincom Retail Joint Stock Company (VRE) was bought by both ETFs, the stock price stayed below its reference level.

Foreign investors bought  二 五. 二 million VRE shares, but they also sold  二 一. 三 million, VDSC said.

In addition to VRE, the FTSE Việt Nam ETF also bought Hoàng Huy Investment Financial Services JSC (TCH) and Phát Đạt Real Estate Development Joint Stock Company (PDR). Only TCH closed in the green. VRE and PDR declined by  一. 五 per cent and  一. 八 per cent, respectively.

After being removed from the FTSE ETF portfolio, GTN fell by  三. 一 per cent. SAB closed near its ceiling up  六. 八 per cent, following the news that Dragon Capital bought  一 五. 三 million shares, equivalent to a  二. 三 per cent stake of the giant beer company.

GAS, VNM, and banking stocks (BID, VCB and VPB) were among the top drivers for the VNIndex.

“Given the current high liquidity of the market, it is normal that impacts from ETF transactions were not so significant,” VDSC said in its daily report. “Considering the current strong inflows, we believe the VNIndex is on the right track to surpass its all-time high of  一, 一 七0 with banking, real estate and brokerage stocks continuing to be the leaders. The F B sector is also well worth considering,” it added. — VNS