Investors on Bao Viet Securities’ trading floor in Hanoi. (Source: VNA)Hanoi (VNA) - Shares advanced on February10 on the two stock exchanges when investors sought opportunities in medium-capand penny stocks.
On the HCM Stock Exchange, the VN-Index rose 0.5 percentto close at 703.8 points. The southern market index decreased 0.2 percent on February9.
On the Hanoi Stock Exchange, the HNX-Index also gained0.5 percent to end at 86.04 points, extending its two-day rally to 0.9 percent.
Liquidity remained positive, with a total of 186.3 millionshares worth a combined 3.5 trillion VND (almost 155 million USD) traded in thetwo markets.
Sharp increase in the global natural rubber pricelifted local rubber companies.
Hoang Anh Gia Lai Group (HAG) and its agricultural armHoang Anh Gia Lai Agricultural (HNG), along with Dong Phu Rubber (DPR), Phuoc HoaRubber (PHR), Hoa Binh Rubber (HRC), Hoang Anh Gia Lai Group (HAG) advancedbetween 2 percent and 5 percent.
Oil and gas stocks also recovered from a two-day slump,as most of the biggest companies--including PV Gas (GAS), PetroVietnam Drillingand Wells Service (PVD), PetroVietnam Technical Services (PVS) and PetroleumEquipment Assembly & Metal Structure (PXS)--increased 1.7-2.8 percent.
Low-priced stocks like Truong Thanh Furniture (TTF),Agribank Securities Co (AGR), FLC Group (FLC) and Urban Development &Construction (UDC) soared to the maximum daily rise limit following heavyinvestments.
“Market indices were not governed from a few largestocks which play the leading role. The positive performance was contributedfrom the consensus of the large cap stocks as well as the major part of themarket,” analysts at BIDV Securities Co wrote in a market report.
Liquidity maintained healthy levels as cash flowsshifted to other sectors that focused on not only a few big stocks like in theprevious rallies, the report said.
According to Vietnam Investment Securities Co, themarket is accumulating values and in some sessions, even the stocks which areexpected to rise in the long term - like Hoa Phat Group (HPG), FPT Corp (FPT)and Kinh Bac City Development (KBC) - can experience downward correction.
“Such correction is not too bad, as it sometimes is agood opportunity for other investors to make a spillover impact to the wholemarket,” it said in a report.
Foreign investors continued to collect local shares,picking up total net value of nearly 24 billion VND. They bought a total netvalue of 56 billion VND on February 9.-VNA
On the HCM Stock Exchange, the VN-Index rose 0.5 percentto close at 703.8 points. The southern market index decreased 0.2 percent on February9.
On the Hanoi Stock Exchange, the HNX-Index also gained0.5 percent to end at 86.04 points, extending its two-day rally to 0.9 percent.
Liquidity remained positive, with a total of 186.3 millionshares worth a combined 3.5 trillion VND (almost 155 million USD) traded in thetwo markets.
Sharp increase in the global natural rubber pricelifted local rubber companies.
Hoang Anh Gia Lai Group (HAG) and its agricultural armHoang Anh Gia Lai Agricultural (HNG), along with Dong Phu Rubber (DPR), Phuoc HoaRubber (PHR), Hoa Binh Rubber (HRC), Hoang Anh Gia Lai Group (HAG) advancedbetween 2 percent and 5 percent.
Oil and gas stocks also recovered from a two-day slump,as most of the biggest companies--including PV Gas (GAS), PetroVietnam Drillingand Wells Service (PVD), PetroVietnam Technical Services (PVS) and PetroleumEquipment Assembly & Metal Structure (PXS)--increased 1.7-2.8 percent.
Low-priced stocks like Truong Thanh Furniture (TTF),Agribank Securities Co (AGR), FLC Group (FLC) and Urban Development &Construction (UDC) soared to the maximum daily rise limit following heavyinvestments.
“Market indices were not governed from a few largestocks which play the leading role. The positive performance was contributedfrom the consensus of the large cap stocks as well as the major part of themarket,” analysts at BIDV Securities Co wrote in a market report.
Liquidity maintained healthy levels as cash flowsshifted to other sectors that focused on not only a few big stocks like in theprevious rallies, the report said.
According to Vietnam Investment Securities Co, themarket is accumulating values and in some sessions, even the stocks which areexpected to rise in the long term - like Hoa Phat Group (HPG), FPT Corp (FPT)and Kinh Bac City Development (KBC) - can experience downward correction.
“Such correction is not too bad, as it sometimes is agood opportunity for other investors to make a spillover impact to the wholemarket,” it said in a report.
Foreign investors continued to collect local shares,picking up total net value of nearly 24 billion VND. They bought a total netvalue of 56 billion VND on February 9.-VNA
VNA
