07:34 (GMT +7) - Tuesday 23/10/2018

Banking & Finance

September 27: VN-Index up 0.57%

Released at: 16:27, 27/09/2018 Stock Market Watch

September 27: VN-Index up 0.57%

Source from TVSI

Strong afternoon session sees Index close higher.

by My Van

The afternoon session on September 27 was quite positive, and while rising momentum was not explosive money flowed to many groups.

PVD, PVS, PVX, PXS, PVT, GAS, and BSR and many others closed at their highest levels, with PVD hitting its ceiling.

SSI, HCM, SHS, VND, CTS, and VCI also attracted positive cash flows. The real estate sector was stronger than the market, with good performers including VPI, NVL, VPH, NLG, DXG, DRH, CTD, DIG, and LDG.

Large caps such as VHM, VRE, PNJ, MWG, PLX, VPB, VJC, BVH, and FPT also gained ground and strengthened the market.

At the close, the VN-Index had gained 5.76 points (0.57 per cent) to 1,015.37 points, the HNX-Index 0.41 points (0.36 percent) to 115.99 points, and the UPCoM-Index 0.13 points (0.24 per cent) to 54.18 points. Market liquidity remained high, with total matching order value of VND5.5 trillion ($235.85 million).

Afternoon trade was very positive. Money flows spread across sectors, especially financial and securities stocks (BVH, HCM, SSI, VND, and SHS) and oil stocks (PVS, PVD, and PVC), which gave some vibrancy to the market.

Foreign investors were also active, net buying by nearly VND100 billion ($4.2 million), primarily stocks such as HPG, DXG, SSI, VRE, and NVL.

The highlight of the morning session was VHM, which will close the shareholders list for dividend payments in shares at a ratio of 1,000:250 (equivalent to the issuance of nearly 670 million new shares) on October 4. The stock was the main factor behind the VN-Index climbing strongly.

The influence of VHM also spread to VRE. Other real estate stocks increased, such as KDH, VRC, and VPH (up 5 per cent), as well as VPI, DXG, LHG, FLC, and TDC. Some large financial stocks also rose higher than others, such as CTB, BVH, and SSI, by over 2 per cent.

User comment (0)

Send comment