Foreign investors’ buying keeps market afloat

Although blue-chip stocks made correction after increasing for many trading sessions, Vietnam’s benchmark VN-Index still maintained rising momentum on February 25 as foreign investors’ net buying buoyed up the market.

Foreign investors’ buying keeps market afloat

The VN-Index sometimes gained nearly 10 points to approach 1,000-point mark but weakened by the end of the trading session as several blue-chip stocks, including GAS, VHM, VIC, VRE and VCG, were in a correction. However, the benchmark managed to maintain rising trend thanks to foreign investors’ net buying of roughly VND160 billion. Of which, foreign investors mainly focused on MSN with VND68.5 billion, VCB with VND65.1 billion and HPG with VND41.2 billion.
Ending the trading session, the gauge of 346 companies and mutual funds on the Ho Chi Minh City Stock Exchange enhanced 5.52 points, or 0.56 percent, to close at 994.43 points. There were 181 winners, 122 losers while 52 stocks remained unchanged.
The HNX-Index of the northern bourse added 0.79 points, or 0.74 percent, to finish at 107.61 points with 77 stocks advancing, 71 retreating and 65 standing still.
Liquidity on the market was highly improved with total trading volume on both exchanges reaching 263 million shares, worth VND5.7 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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