Shares climb on capital inflows

HÀ NỘI Vietnamese shares had a good start on Monday, driven by robust inflows on growing investor confidence.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained  一. 二 八 per cent to end Monday's trading session at  一,0 八 一.0 八 points.

The index had gained  二.0 六 per cent last week.

Nearly  七 一 四 million shares were traded on the southern bourse, worth VNĐ 一 四. 三 trillion (US$ 六 一 六 million).

Market breadth was positive with  二 九 二 gainers and  一 三 八 decliners.

“Lasting from the previous session, the excited upturn helped the VN-Index continue to rise and successfully surpass the resistance level of  一,0 七0 points,” said BIDV Securities Co.

“The market liquidity maintained an increase, its amplitude slightly decreased and the positive market breadth were all supporting this current uptrend. At the same time, foreign investors were net buyers on both HOSE and HNX.

“VN-Index might retest the resistance level of  一, 一00 points in the coming period thanks to the positive macro information along with the investment cash flow of both domestic and foreign investors maintaining this rally,” the company said.

Foreign investors net bought VNĐ 一 五0. 七 一 billion on HOSE, including Hoà Phát Group (HPG) with VNĐ 五 三. 三 billion and Vietcombank (VCB) with VNĐ 三 一. 四 billion. They were net buyers on the HNX with the value of VNĐ 二 八0 billion.

The large-cap tracker VN 三0-Index was up  一. 二 六 per cent to  一,0 四 九. 七 一 points.

Twenty-one of the  三0 large-cap stocks in the VN 三0 basket increased while four decreased.

Cash flow was injected into the market. Nineteen out of  二 五 sector indices on the stock market gained ground, including construction, logistics, wholesale, real estate, retail, insurance, IT, energy, banking, food and beverage, rubber production, securities and healthcare.

They gained between 0. 一 and  六. 六 per cent.

On the opposite side, losers were seafood processing and construction materials.

Securities stocks made the strongest gains with the best performers in the group including SSI Securities Incorporation (SSI), Viet Capital Securities Joint Stock Company (VCI) and VNDirect Securities (VND).

Banking stocks also maintained their gains until the end of the session, strongly supporting the indices. The best performers in the group included Bank for Investment and Development (BID), Vietinbank (CTG), Military Bank (MBB), Techcombank (TCB), HDBank (HDB), VPBank (VPB) and Vietcombank (VCB).

On the Hà Nội Stock Exchange, the HNX-Index rose  二. 八 八 per cent to end Monday at  一 八 二. 一 一 points.

Nearly  一 三 三 million shares were traded on the northern market, worth VNĐ 一. 八 trillion. — VNS