Brokers at MB Securities Company. (Photo: VNA) Hanoi (VNA) - Vietnamese shares remained upbeat on March21, driven by banks and food and beverage producers.
The benchmark VN Index on the HCM Stock Exchange inched up 0.2 percentto close at 716.18 points. The southern market index gained a total of 0.8 percentin the last two sessions.
The HNX Index on the Hanoi Stock Exchange advanced 1.2 percent tofinish at 90.13 points, extending its rally for a sixth day with a total growthof 3.6 percent.
Market trading liquidity increased from the previous sesion’slevel with more than 287 million shares being exchanged, worth 5.32 trillionVND (236.48 million USD).
The banking sector had the strongest growth yesterday, up anaggregate of 2 percent with eight of the nine listed banks making gains.
Asia Commercial Bank (ACB), Bank for Investment and Development ofVietnam (BID) and Eximbank (EIB) jumped 4.6 percent, 3.9 percent and 3.5 percent,respectively.
Other bank stocks rose between 1.1 percent and 2.3 percent,including Vietcombank (VCB), MBBank (MBB), Vietinbank (CTG) and Sacombank(STB).
The food and beverage sector was pulled up by good performance bydairy producer Vinamilk (VNM) and consumer goods producer Masan Group (MSN).VNM added 1.3 percent and MSN increased by 2.6 percent.
The stock market also recorded good gains in other large-capcompanies, such as steel maker Hòa Phát Group (HPG), property developer FLCGroup (FLC) and Faros Construction Corp (ROS).
FLC surged 6.9 percent on March 21 to extend its gain to a thirdday with total growth of 8.1 percent. FLC in 2016 recorded a post-tax profit of987 billion VND.
On the opposite side, southern brewer Sabeco (SAB), PetroVietnamGas Corp (GAS) and property developer Vingroup (VIC) weighed on the market.
“The VN Index rose at a slower pace at the end of the March 21session as investors sought profits when the benchmark was near the resistancerange of 718-720 points,” Sai Gon-Hanoi Securities Corp (SHS) wrote in itsreport.
The benchmark index will likely rise on March 22 to test the levelof 719 -720 points again, however, sales pressure will increase when the indexapproaches that range. Investors should be cautious with their investments, SHSsaid.-VNA
The benchmark VN Index on the HCM Stock Exchange inched up 0.2 percentto close at 716.18 points. The southern market index gained a total of 0.8 percentin the last two sessions.
The HNX Index on the Hanoi Stock Exchange advanced 1.2 percent tofinish at 90.13 points, extending its rally for a sixth day with a total growthof 3.6 percent.
Market trading liquidity increased from the previous sesion’slevel with more than 287 million shares being exchanged, worth 5.32 trillionVND (236.48 million USD).
The banking sector had the strongest growth yesterday, up anaggregate of 2 percent with eight of the nine listed banks making gains.
Asia Commercial Bank (ACB), Bank for Investment and Development ofVietnam (BID) and Eximbank (EIB) jumped 4.6 percent, 3.9 percent and 3.5 percent,respectively.
Other bank stocks rose between 1.1 percent and 2.3 percent,including Vietcombank (VCB), MBBank (MBB), Vietinbank (CTG) and Sacombank(STB).
The food and beverage sector was pulled up by good performance bydairy producer Vinamilk (VNM) and consumer goods producer Masan Group (MSN).VNM added 1.3 percent and MSN increased by 2.6 percent.
The stock market also recorded good gains in other large-capcompanies, such as steel maker Hòa Phát Group (HPG), property developer FLCGroup (FLC) and Faros Construction Corp (ROS).
FLC surged 6.9 percent on March 21 to extend its gain to a thirdday with total growth of 8.1 percent. FLC in 2016 recorded a post-tax profit of987 billion VND.
On the opposite side, southern brewer Sabeco (SAB), PetroVietnamGas Corp (GAS) and property developer Vingroup (VIC) weighed on the market.
“The VN Index rose at a slower pace at the end of the March 21session as investors sought profits when the benchmark was near the resistancerange of 718-720 points,” Sai Gon-Hanoi Securities Corp (SHS) wrote in itsreport.
The benchmark index will likely rise on March 22 to test the levelof 719 -720 points again, however, sales pressure will increase when the indexapproaches that range. Investors should be cautious with their investments, SHSsaid.-VNA
VNA
