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Banking & Finance

April 2: Late trade pushes up VN-Index

Released at: 17:55, 02/04/2018 Stock Market Watch

April 2: Late trade pushes up VN-Index

Yet another record level reached as HNX and UPCoM also rise.

by Ngoc Han

Transactions began to take off late in today’s afternoon session, resulting in the VN-Index rising 22.15 points (1.89 per cent) to 1,196.61 points; yet another record.

The HNX-Index also increased, by 2.64 points (1.99 per cent) to 135.09 points, and the UPCoM-Index 0.24 points (0.39 per cent) to 60.9 points.

Market liquidity improved significantly, with 296 million units worth more than VND8.6 trillion ($377.2 million).

In the afternoon, blue-chips such as BVH, VIC, VJC, MSN, PLX, ROS and as well as BID, CTG, VCB, VPB, ACB, and MBB performed well and took the VN-Index higher.

Money went to securities, real estate and construction. High trade saw some securities shares hit their ceiling, such as VCI, HCM, and WSS.

Conversely, retail shares PNJ and MWG lost ground, while HAG hit its floor and HNG shed more than 4 per cent.

The Top 5 rising shares on HSX were HAS, DTA, LM8, VPK and KSH, and QST, SGH, PJC, VSM and HGM on HNX.

The Top 5 falling shares on HSX were HTL, LBM, HAG, DAT and RDP and SDG, SJ1, SPP, TJC and SGC on HNX.

Net buying by foreign investors was three-fold higher in the first quarter compared to the first quarter of 2017. While buying was the trend in January and early February, foreign investors became net sellers in March due to global uncertainties.

Foreign investors net bought 208 million shares and by VND9.6 trillion ($421.1 million) on HSX in the first quarter, compared to net selling 82 million shares in the first quarter of 2017.

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