Cung cấp tài nguyên

Shares move up with strong divergence among large-caps

HÀ NỘI — Shares narrowed gains towards the end of the trading session on Monday but still managed to post slight gains, witnessing a large divergence among large-caps.

The VN-Index on the Hồ Chí Minh Stock Exchange inched up 0. 一 一 per cent to end the session at  九 八 一.0 三 points.

The index had increased by total 0. 五 八 per cent to finish last week at  九 八0.00 points.

On the Hà Nội Stock Exchange, the HNX-Index edged up 0. 二 三 per cent to end at  一0 二. 五 八 points.

It had lost total 0. 四 三 per cent to end last week at  一0 二. 三 五 points.

Liquidity was modest with  一 七 九 million shares worth nearly VNĐ 六. 四 trillion (US$ 二 七 四 million) traded on the two markets.

The afternoon session witnessed a wide divergence among large-caps’ prices.

Stocks such as Mobile World Group (MWG), FPT Corporation (FPT), Vicostone JSC (VCS) and Refrigeration Electrical Engineering Corporation (REE) attracted cash flow and simultaneously gained.

Blue-chips such as Bảo Việt Holdings (BVH), PetroVietnam Gas JSC (GAS), Masan Group (MSN), Vinamilk (VNM), Sabeco (SAB), Việt Nam National Petroleum Group (PLX), PVPower (POW), Vinhomes (VHM) and Vincom Retail (VRE) also made gains, helping the indices stay in the green.

The real estate group performed well with many gainers such as Đất Xanh Group (DXG), Bà Rịa-Vũng Tàu House Development Co (HDC), HDBank (HDB), Đà Nẵng Housing Investment Development JSC (NDN), Phát Đạt Real Estate Development Corporation (PDR), Thủ Đức Housing Development Corporation (TDH) and Nam Long Investment Corporation (NLG).

Meanwhile, petro stocks weakened in the afternoon with PetroVietnam Technical Services Corporation (PVS), PetroVietnam Transportation Corporation (PVT), Petroleum Equipment Assembly Metal Structure Joint Stock Company (PXS) gained while PetroVietnam Drilling and Well Services Corporation (PVD) and PetroVietnam Construction Corporation (PVC) dropped.

The Vietnamese stock market was driven by the insurance, technology, real estate, securities, food and beverage, construction materials and retail sectors.

Their sector indices rose between 0.0 六 per cent and 0. 五 一 per cent, data on vietstock.vn showed.

Large-cap stocks dropped with the VN 三0-Index decreasing by 0.0 七 per cent to end at  八 九 一. 七 八 points.

Foreign investors net bought VNĐ 八 八 一. 一 九 billion on the HOSE, including Vingroup (VIC) (VNĐ 九 三 七. 九 六 billion), Vinamilk (VNM) (VNĐ 三 六. 四 三 billion) and Masan Group (MSN) (VNĐ 六. 七 三 billion).

The Vietnamese stock market is now under strong fluctuation from the uncertainty of global movements in political and economic conditions, said Lê Đức Khánh, director of market strategy department at PetroVietnam Securities (PSI).

The main concern is how the US economy, if it falls, will affect the Vietnamese economy, he said.

That concern is driving the market sentiment and results in the mixed responses among investors, he added. — VNS