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Banking & Finance

April 9: VN-Index breaks 1200

Released at: 16:04, 09/04/2018 Stock Market Watch

April 9: VN-Index breaks 1200

Source from tinnhanhchungkhoan.vn

Index through barrier during morning session and kept there by busy afternoon trade.

by Hai Van

Brisk afternoon trade consolidated a strong morning on April 9, with securities stocks SSI, HCM, and VND as well as bank stocks ACB, BID, CTG, HDB, VPB, and LPB continuing to perform strongly.

Momentum spread to real estate stocks, including CEO, DIG, DXG, FCN, HBC, KDH, LDG and CTI. Blue chips VIC, VRE, VJC, PLX and FPT also rose sharply, helping the market consolidate.

Conversely, blue chips PNJ, BVH, DHG, SAB, and ROS were down substantially, with ROS hitting its floor. Jeweler PNJ has had six days of falls in a row and now stands at VND185,000 ($8.11).

The VN-Index closed up 4.37 points (0.36 per cent) to 1,204.33 points, while the HNX-Index and UPCOM-Index both fell. Liquidity remained high, at 337 million shares worth VND9.5 trillion ($416.77 million).

The first trading session of the week opened with positive signs. The breakout of some blue chips such as VIC, VRE, VJC, and PLX quickly helped the VN-Index break 1,200 points. VIC continued to increase, by more than VND3,000 today, and set a new peak during morning trade.

Money flowed back strongly to banking, helping the VN-Index stay in the green.

The Top 5 rising stock codes on HSX were BTT, VFG, RIC, NVT, and HOT, and HTP, QST, NGC, NRC and TTZ on HNX.

The Top 5 falling shares on HSX were AGM, ROS, CMT, HVX and LAF and V21, INN, SDC, NBW and MSC on HNX.

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