VN-Index surpasses 1,000 points

The Vietnam’s benchmark VN-Index passed the 1,000-point mark for the first time in five months with green covering the market on March 12 thanks to investors’ upbeat sentiment.

VN-Index surpasses 1,000 points

Trading on the market was positive with green dominating the market. At the end of the afternoon trading session, demand unexpectedly increased, prompting the market to strongly jump, especially banking stocks.
Thanks to strong cash flow into banking stocks, VCB, BID, CTG and TCB and other blue-ship stocks, including VHM, SAB and GAS took turns maintaining rising momentum of the benchmark.
Ending the trading session, BID gained 5.5 percent, MBB surged 3.4 percent, CTG emerged 4.74 percent, VCB advanced 3.5 percent and VPB edged up 3.4 percent. VHM and VRE also strengthened 2.6 percent and 3.4 percent respectively.
Foreign investors bought 15.79 million shares, worth VND692.59 billion, up 15.3 percent in value compared to the previous trading session. They sold 15.61 million shares, worth VND663.92 billion, up 7.2 percent in volume and 11.64 percent in value. Thus, they net bought 183,260 shares worth VND28.67 billion, down 83.65 percent in volume but up 377.83 percent in value over the previous trading session.
The VN-Index soared 16.72 points, or 1.7 percent, to close at 1,001.32 points with 203 winners and 112 losers while 45 stocks remained unchanged.
The HNX-Index of the Hanoi Stock Exchange enhanced 1.23 points, or 1.14 percent, to close at 109.55 points. Of the index, there were 102 stocks climbing, 70 falling and 56 standing still.
Liquidity on the market remained good with total trading volume hitting 273 million shares, worth VND5.5 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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