Stocks climb on stronger buys

Investors watch trading on a computer at Hoang Gia Securities Co in Ha Noi. Both stock indices rose yesterday thanks to strong buys from investors. - VNS Photo Truong Vi

On the HCM Stock Exchange, the VN-Index added 0.56 per cent to close the session at 612.66 points.

Three of the biggest four stocks with the highest market value lost value, but other blue chips advanced, supporting the market.

PV Gas (GAS), Masan Group (MSN) and VinGroup (VIC) retreated from 0.9-1.2 per cent, but others like Vinamilk (VNM), Kinh Bac City Development (KBC), Bao Viet holdings (BVH), Hoang Anh Gia Lai Co (HAG), Ocean Group (OGC), Saigon Securities Inc (SSI) and HCM Securities Co (HCM) rose substantially.

Trading on these shares was also good with over VND100 billion (US$4.7 million) were poured on KBC, SSI, HAG and OGC.

The VN30 which tracks the top 30 shares by market value and liquidity, ended 0.7 per cent higher at 659.64 points.

Liquidity remained high with 180 million shares worth VND3.256 trillion ($154.3 million) being traded by the end of the session.

FLC concluded as the most active code on total trades of 14.2 million shares, closing unchanged at VND12,200 per share.

Foreign investors were still the net buyers on the HCM City market, picking up shares worth VND78.62 billion ($3.7 million).

On the Ha Noi Stock Exchange, the HNX-Index also rose above 90 points, adding 0.59 per cent to finish the session at 90.26 points.

Securities companies were the momentum in the capital as most shares of this group gained value, including Kim Long Securities Co (KLS), up 2.33 per cent; SHB Securities Co (SHS), up 2.34 per cent; VNDirect Securities Co (VND), up 1.81 per cent; and Bao Viet Securities (BVS), up 1.86 per cent.

Increased buys of domestic investors pushed the market volume up 25 per cent over the previous session, totalling more than 103 million shares, worth VND1.368 trillion ($64.8 million), up 20 per cent in value compared with Wednesday.

PetroVietnam Construction Corp (PVX) secured the position of the most active share with 18 million traded, but the share price slid 2.95 per cent to end at VND6,700 a share.

Foreign investors were also net buyers here, responsible for a net buy value of VND8.15 billion ($386,300).