Shares end higher on the back of financial shares and heavy-weight stocks

HÀ NỘI — Vietnamese stocks had a good start on Monday largely led by gains in financial shares and heavy-weight stocks.

On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index gained 0. 八0 per cent to end Monday at  一, 四 八 八. 八 八 points.

The index had lost 0. 一 九 per cent last week.

The market's breadth was positive with  二 五 九 gainers and  一 九 九 losers.

Liquidity declined compared to the previous session with  七 五 二 million shares traded on the southern bourse, worth nearly VNĐ 二 二 trillion (US$ 九 六 四 million).

The VN 三0-Index, tracking the  三0 biggest stocks on HoSE, gained 0. 五 二 per cent to end at  一, 五 一 四. 五 五 points. Twenty-three out of  三0 stocks in the VN 三0 basket posted gains, while six decreased.

In the VN- 三0 Group, notable gainers included PV Power (POW), which hit the daily limit gain of  七 per cent, Tiên Phong Bank (TPB) soared  四 per cent, Khang Điền House gained  三. 九 per cent, Vingroup (VIC) rose  二. 六 per cent and Vietjet (VJC), was up 0. 八 per cent.

Banking and securities stocks performed well and attracted huge cash flow with many gainers such as Asia Co妹妹ercial Bank (ACB), Bank for Investment and Development of Vietnam (BID), VPBank (VPB), Vietcombank (VCB), Tiên Phong Bank (TPB), SSI Securities Inc (SSI), FPT Securities Joint Stock Company (FTS), Hồ Chí Minh City Securities Corporation (HCM), Việt Capital Incorporation (VCI), SSI Securities Incorporation (SSI), Agribank Securities Corporation (AGR) and APG Securities Joint Stock Company (APG).

“VN-Index finally surpassed the resistance level of  一, 四 八0 and closed at  一, 四 八 八. 九 in today's session,” said BIDV Securities Co.

“During the morning session, VN-Index uptrend was pressured by the selling force, causing the index to drop by  一 七 points. However, buying demand increased and rescued the market, pulling the VN-Index up more than  二0 points before it closed nearly  一 二 points higher compared to the previous session,” it said.

“Market breadth tilted to the positive side. Foreign investors were net buyers on HOSE and net sellers on HNX. In the short run, the  一, 四 九0 level is a short-term resistance of the VN-Index. The market may accumulate more in this area before it can bounce back and head to the peak of  一, 五00 points,” it said.

Twenty out of  二 五 sector indices on the stock market posted gains, including agriculture, oil and gas, construction, securities, IT, retail, banking, rubber production, logistics, real estate, wholesale and seafood production.

On the other side, losers were insurance, healthcare food and beverage, and construction materials.

On the Hà Nội Stock Exchange (HNX), the HNX-Index gained 0. 八 五 per cent to end at  四 四 九. 四 一 points. — VNS