Liquidity fell slightly from January 10, but remained high with a total of 402.5 million shares being traded. Illustrative image (Photo: ndh.vn)Hanoi (VNA) - The VN-Index made gainsfor the fourth straight day on strong capital inflow, but analysts warn of apossible profit-taking correction on January 12.
On the HCM Stock Exchange, the VN-Index rose 0.97percent to close at 1,048.17 points on January 11, lifting the four-day gain to3.5 percent.
Meanwhile, the HNX-Index on the Hanoi StockExchange ended up 0.75 percent higher at 122.84 points after a slight declineon January 10.
Market breadth was positive when rising sharesoutnumbered losers by 263-218. Other 244 closed flat.
According to BIDV Securities Co (BSC), strong cashis flowing into small and medium stocks. This pushed up the VN-Index, despiteprofit-taking selling in large-cap groups.
“Cash flow focusing on the VN30 was trending tospread outside the market," BSC’s analysts wrote in a daily market review."Stocks supported by positive information are attracting attention.”.
Large caps remained in uptrend but division wastaking place when the number of stocks in the VN30 basket (which tracks the top30 largest shares by market value and liquidity on the HCM Stock Exchange)increased to 11 in contrast to 15 rising stocks.
Banks continued to lead the uptrend with all 11listed lenders gained value of which the Big Four – Vietcombank (VCB),Vietinbank (CTG), BIDV (BID) and VPBank (VPB) – increased by 0.6-1.6 percenteach.
Smaller banks posted higher growth such as Sai Gon-HanoiBank (SHB), up 9.2 percent; newly-listed HDBank (HDB), up 5.5 percent; andSacombank (STB), up 4.2 percent.
Among big losers were Vinamilk (VNM), SaigonSecurities Inc (SSI), Mobile World Investment Group (MWG), PetroVietnamDrilling and Wells Service (PVD) and Coteccons Construction (CTD) and KidoGroup (KDC) down 0.2-2.7 percent each.
Liquidity decreased slightly from the figures recordedon January 10 but remained high with a total of 402.5 million shares worth 9.13trillion VND (400.6 million USD) beingtraded in the two markets, down 13 percent in both trading volume and value.
Foreign investors continued to trade heavily onthe HCM City’s exchange, picking up net buy value of 488 billion VND, whiletheir net buy value in Hanoi’s market was modest at just 10.8 billion VND.-VNA
On the HCM Stock Exchange, the VN-Index rose 0.97percent to close at 1,048.17 points on January 11, lifting the four-day gain to3.5 percent.
Meanwhile, the HNX-Index on the Hanoi StockExchange ended up 0.75 percent higher at 122.84 points after a slight declineon January 10.
Market breadth was positive when rising sharesoutnumbered losers by 263-218. Other 244 closed flat.
According to BIDV Securities Co (BSC), strong cashis flowing into small and medium stocks. This pushed up the VN-Index, despiteprofit-taking selling in large-cap groups.
“Cash flow focusing on the VN30 was trending tospread outside the market," BSC’s analysts wrote in a daily market review."Stocks supported by positive information are attracting attention.”.
Large caps remained in uptrend but division wastaking place when the number of stocks in the VN30 basket (which tracks the top30 largest shares by market value and liquidity on the HCM Stock Exchange)increased to 11 in contrast to 15 rising stocks.
Banks continued to lead the uptrend with all 11listed lenders gained value of which the Big Four – Vietcombank (VCB),Vietinbank (CTG), BIDV (BID) and VPBank (VPB) – increased by 0.6-1.6 percenteach.
Smaller banks posted higher growth such as Sai Gon-HanoiBank (SHB), up 9.2 percent; newly-listed HDBank (HDB), up 5.5 percent; andSacombank (STB), up 4.2 percent.
Among big losers were Vinamilk (VNM), SaigonSecurities Inc (SSI), Mobile World Investment Group (MWG), PetroVietnamDrilling and Wells Service (PVD) and Coteccons Construction (CTD) and KidoGroup (KDC) down 0.2-2.7 percent each.
Liquidity decreased slightly from the figures recordedon January 10 but remained high with a total of 402.5 million shares worth 9.13trillion VND (400.6 million USD) beingtraded in the two markets, down 13 percent in both trading volume and value.
Foreign investors continued to trade heavily onthe HCM City’s exchange, picking up net buy value of 488 billion VND, whiletheir net buy value in Hanoi’s market was modest at just 10.8 billion VND.-VNA
VNA
