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Banking & Finance

June 1: VN-Index up again

Released at: 20:18, 01/06/2018 Stock Market Watch

June 1: VN-Index up again

Chart from vneconomy.vn

Index breaks through 1,000 points but closes at 992.87.

by My Van

The afternoon session on June 1 was marked by the VN-Index breaking through 1,000 points, though it eased late on.

The Index closed 21.62 points (2.23 per cent) higher to 992.87 points, the HNX-Index 0.83 points (0.73 per cent) to 115.75 points, and the UPCoM-Index 0.13 per cent.

Market liquidity improved, with 261million shares traded worth VND6.7 trillion ($293.7 million). Foreign investors were net buyers overall but net sellers in certain stocks.

VJC again led the market, reaching its ceiling in closing at VND159,200 ($6.97). VIC, VRE and VHM also added to momentum.

In banking, VCB, BID, CTG, VPB, HDB, ACB, SSI, HCM and VCI attracted good cash flows and gained ground. In real estate, construction stocks such as VPI, NVL, ROS, DIG, DXG, FCN and CTD also gave the market a boost.

AAA did not close at its highest price of the day but was up 4.5 per cent. Its liquidity also improved, with nearly 2 million shares traded.

Penny stocks also did well, including HAI, HAR, KLF, TSC and AMD.

Foreign investors were net buyers on HSX, by VND51.54 billion ($2.2 million), ending nine consecutive sessions of net selling.

They net sold on HNX for the fourth consecutive day, by VND26.71 billion ($1.17 million), and on UPCoM for the eighth consecutive day, with 216,000 shares worth VND6.82 billion ($377,845).

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