Green dominates, boosting VN-Index to over 980 points
Green margins dominated the stock market on May 20, helping the benchmark VN-Index easily rise by 10.65 points from last week’s last trading day (May 17) to reach 987.13 points.
Investors watch stock price changes at the Vietcombank Securities Company (Illustrative photo: VNA)
Hanoi (VNA) – Green margins dominated the stock market on May 20, helping the benchmark VN-Index easily rise by 10.65 points from last week’s last trading day (May 17) to reach 987.13 points.
On the Ho Chi Minh Stock Exchange, more than 153.1 million shares were traded at over 3.65 trillion VND (156 million USD). Up to 171 stocks enjoyed price rises, while 65 stocks stayed unchanged and 117 others declined.
In the VN30 basket, 22 of the 30 largest stocks by market capitalisation had price hikes, including PNJ (up 5.4 percent), SBT (2.5 percent), REE and SAB (2.3 percent), MWG (2.1 percent), FPT (1.8 percent), and MSN and HPG (1.7 percent). Meanwhile, only five experienced decreases, including ROS (down 3.7 percent).
Oil and gas stocks also performed well with GAS up 2.5 percent, PLX 2.2 percent, PVS 3.3 percent, PVC 2.7 percent, PVD 2.6 percent, PVB 1 percent, and POW 0.3 percent.
Among bank stocks, there were 10 rising including EIB (up 5.1 percent), BID (1.7 percent), VCB (1.5 percent), and NVB and TCB (1.1 percent); and only three falling, namely VIB (0.5 percent), VPB (0.3 percent), and MBB (0.2 percent).
Most securities stocks also ended in green, including large ones like SSI (up 1.6 percent), HCM (2.1 percent), SHS (0.8 percent), and VCI (2.3 percent).
On the Hanoi Stock Exchange, the HNX-Index rose by 0.52 point to 106.31 points with nearly 39 million shares worth over 566.2 billion VND traded. Seventy-seven stocks increased, 60 stocks dropped, and 61 others remained unchanged on the exchange. –VNA
Investors may keep betting on bank stocks this week, securities firms said, but selling pressure may weigh on the market’s overall performance as local stocks are considered as being overbought in recent days.
The benchmark VN-Index ended in green on May 13 when it grew by 5.99 points, or 0.63 percent, from the last trading session of the previous week to 958.54 points.
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Investors watch stock price changes at the Vietcombank Securities Company (Illustrative photo: VNA) 
