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Banking & Finance

October 31: VN-Index up 1.61%

Released at: 15:12, 31/10/2018 Stock Market Watch

October 31: VN-Index up 1.61%

Source: TVSI

Good news overnight gives market a lift.

by My Van

Movements around the world overnight saw domestic investors adopt a positive attitude from the outset on October 31 and the market headed upwards.

Rises not only included bluechips such as VHM, VJC, MWG, PNJ, FPT, HPG and MSN but also spread to GAS, PVS, PVD, PVB, PXS, and PLX. Financial statements were released by ACB, BID, CTG, MBB, HCM, VCB, TPB, TCB and VCI.

At 10am, the VN-Index had increased 10.19 points (1.15 per cent) to 898.88 points, the HNX-Index 1.06 points (1.04 per cent) to 102.79 points, and the UPCoM-Index 0.29 points (0.57 per cent) to 51.5 points.

Towards the end of the morning session the market became more positive, accompanied by cash flows. Bluechips BVH, FPT, GAS, HPG, MSN, VJC, PNJ, MWG, PLX and VHM and especially ACB, BID, CTG, VCB, MBB, TCB and TPB increased strongly. BID now stands at VND29,500 ($1.26).

Increases also spread to other sectors such as real estate, construction, securities, oil and gas, seafood, and textiles.

HSG had a dramatic morning in matching 10 million shares, falling VND550 ($0.023).

VNM fell VND1,700 ($0.07) to VND115,600 ($4.96), with foreigners net selling the stock by over VND32 billion ($1.32 million).

At the close of the morning, the VN-Index had increased 14.27 points (1.61 per cent) to 902.96 points, the HNX-Index 1.89 points (1.86 per cent) to 103.61 points, and the UPCoM-Index 0.25 points (0.49 per cent) to 51.46 points. Market liquidity improved, with a matching order value of VND2 trillion ($85.7 million).

Foreigners were net sellers, however, by about VND60 billion ($2.57 million).

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