Investor follows transactions on a mobile device (Photo: VNA)Hanoi (VNA) - Shares concludedthe final week of August on a positive note on the HCM Stock Exchange, with thebenchmark VN-Index expanding 0.76 percent to close on September 1 at 788.73points.
Heavyweight shares continued to support themarket, with consumer goods leading the way.
Dairy giant Vinamilk and brewery Sabeco,the two biggest listed firms on the southern bourse by market value, gained 2.1percent and 1.4 percent, respectively. Vinamilk’s outstanding shares accountedfor 10.96 percent of total market capitalisation while the number for Sabecowas 8.13 percent.
Meanwhile, the biggest listed energy firmPV Gas rose 1.44 percent.
Sixteen of the top 30 largest shares bymarket value and liquidity (VN30) advanced and 10 declined.
Many sectors witnessed large divergences.
In the banking sector, Vietcombank and BIDVgained but Military Bank and Sacombank tumbled. In the construction and realestate industry, Kinh Bac City Development and HCM City InfrastructureInvestment slumped while VinGroup and Novaland Investment Group perked up.
According to BIDV Securities Co (BSC),although today the VN-Index increased, liquidity was significantly lower thanthe previous session.
Though the VN-Index has successfully testedshort-term resistance at 785 points, contrary to the previous session when cashtended to flow back into leading stocks, cash on September 1 significantlyweakened in the VN30, bank and real estate shares, BSC wrote in the September 1report.
“The uptrend today was partially containedin the resistance zone as well as affected by the psychology of the holiday,”the report said.
The VN-Index increased four out of fivetotal sessions this week with combined growth of 2.2 percent.
Speculative stocks performed unexpectedlywell after several bearish sessions, with popular stocks such as FLC Group,Ocean Group, FIT Group, HAI Agrochem and Hoang Quan Consulting-Trading-ServiceReal Estate leading the market by trading volume with several millions to morethan ten million shares traded.
These stocks closed up 1.5-6.7 percenteach.
On the Hanoi Stock Exchange, without theaid of large-cap stocks, the HNX-Index inched down 0.07 percent to 103.81points.
Only 181.6 million shares worth total 3.6trillion VND (158.6 million USD) were traded in the two markets, down 35 percentin volume and 31.4 percent in value compared to the previous day’s figures.-VNA
VNA
