Brokers working on Tan Viet Securities’ trading board in Hanoi (Photo: VNA)Hanoi (VNA) - Shares concludeda winning week on the HCM Stock Exchange with the benchmark VN-Index adding 0.2percent to close at 935.57 points on November 24.
Large-cap stocks continue to provide energyfor the market’s upward trend: 18 of the top 30 largest shares by market valueand liquidity here advanced and only nine declined.
Leading gainers included food and beveragecompanies, such as brewer Sabeco (SAB) and Habeco (BHN), each rising over 3 percent;confectionery Kido Group (KDC) and sugar maker Thanh Thanh Cong Tay Ninh JSC(SBT), each up 1 percent; Vinamilk (VNM), up 0.1 percent and steelmaker HoaPhat Group (HPG), up 2.4 percent.
Notably, however, cash flow began togradually spread to small- and medium-cap stocks.
“Green color dominated the market with thenumber of increasing stocks doubling that of decreasing ones (187-96),especially in sectors such as real estate (except for VinGroup) andconstruction, while the picture was more divided in the banking and securitiessectors,” BIDV Securities Co (BSC) wrote in a report yesterday.
Refrigeration Electrical Engineering Corp(REE) and Dat Xanh Real Estate Service & Construction Corp (DXG) both hitthe daily limit rise of 7 percent, while Hoang Quan Consulting-Trading-ServiceReal Estate (HQC) rallied 3.5 percent and Hoa Binh Construction Group (HBC)rose 2.3 percent.
Despite the significant drop at the morningtrade, VN-Index still increased slightly by the end of the session, whichproved that the market maintained momentum, though it was not as strong asbefore, BSC’s report said.
Big losers included VinGroup (VIC), down2.6 percent; Vincom Retail (VRE), down 2.7 percent and Vietcombank (VCB) andVietinbank (CTG), each dropping around 1 percent.
According to Tran Duc Anh, a stock analystat Bao Viet Securities Company, increasing profit-taking pressure in large-capstocks triggered a high risk of a short-term correction for these stocks.However, as cash flows into mid-cap and penny stocks, a divergence may still beseen next week.
On the Hanoi Stock Exchange, the HNX-Indexrose for a third day, adding 0.59 percent to end at 110.83 points.
A total of over 289 million shares worth acombined 7.3 trillion VND (320.2 million USD) were traded in the market, down5.3 percent in trading volume but up 10.6 percent in terms of the value oftransactions compared to the previous session.
Foreign investors were net sellers on bothexchanges, responsible for a combined net value of 117 billion VND. -VNA
Large-cap stocks continue to provide energyfor the market’s upward trend: 18 of the top 30 largest shares by market valueand liquidity here advanced and only nine declined.
Leading gainers included food and beveragecompanies, such as brewer Sabeco (SAB) and Habeco (BHN), each rising over 3 percent;confectionery Kido Group (KDC) and sugar maker Thanh Thanh Cong Tay Ninh JSC(SBT), each up 1 percent; Vinamilk (VNM), up 0.1 percent and steelmaker HoaPhat Group (HPG), up 2.4 percent.
Notably, however, cash flow began togradually spread to small- and medium-cap stocks.
“Green color dominated the market with thenumber of increasing stocks doubling that of decreasing ones (187-96),especially in sectors such as real estate (except for VinGroup) andconstruction, while the picture was more divided in the banking and securitiessectors,” BIDV Securities Co (BSC) wrote in a report yesterday.
Refrigeration Electrical Engineering Corp(REE) and Dat Xanh Real Estate Service & Construction Corp (DXG) both hitthe daily limit rise of 7 percent, while Hoang Quan Consulting-Trading-ServiceReal Estate (HQC) rallied 3.5 percent and Hoa Binh Construction Group (HBC)rose 2.3 percent.
Despite the significant drop at the morningtrade, VN-Index still increased slightly by the end of the session, whichproved that the market maintained momentum, though it was not as strong asbefore, BSC’s report said.
Big losers included VinGroup (VIC), down2.6 percent; Vincom Retail (VRE), down 2.7 percent and Vietcombank (VCB) andVietinbank (CTG), each dropping around 1 percent.
According to Tran Duc Anh, a stock analystat Bao Viet Securities Company, increasing profit-taking pressure in large-capstocks triggered a high risk of a short-term correction for these stocks.However, as cash flows into mid-cap and penny stocks, a divergence may still beseen next week.
On the Hanoi Stock Exchange, the HNX-Indexrose for a third day, adding 0.59 percent to end at 110.83 points.
A total of over 289 million shares worth acombined 7.3 trillion VND (320.2 million USD) were traded in the market, down5.3 percent in trading volume but up 10.6 percent in terms of the value oftransactions compared to the previous session.
Foreign investors were net sellers on bothexchanges, responsible for a combined net value of 117 billion VND. -VNA
VNA
