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Shares gain on banking and steel stocks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

by 198 Vietnam News
February 8, 2022
in VIETNAM MANUFACTURE NEWS
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Inside a manufacturing unit of steelmaker Hoà Phát Group (HPG). HPG rose 5.8 per cent on Tuesday. — Picture courtesy of HPG

HÀ NỘI — Vietnamese shares rose on Tuesday, bolstered by market heavyweights as demand pressure elevated considerably in the direction of the closing minutes of buying and selling, particularly within the metal and banking teams.

The market benchmark VN-Index on the Hồ Chí Minh Inventory Change (HoSE) elevated 0.22 per cent, to complete the buying and selling day at 1,500.99 factors.

The index had climbed 18.7 factors, or 1.26 per cent, ending Monday at 1,497.66 factors.

The market breadth was unfavourable as 169 shares declined whereas 282 rose and 52 ended flat.

The market’s liquidity was decrease than the earlier session with practically 735 million shares traded on the southern market, price VNĐ22.6 trillion (US$995 million).

The metal inventory group attracted money circulation and elevated sharply, with large steelmaker Hoà Phát Group (HPG) hovering 5.8 per cent, thereby contributing practically 3 factors to the rise of the VN-Index. Hoa Sen Group (HSG), Nam Kim Group (NKG), Pomina Metal Company (POM) and Tiến Lên Metal Group Joint Inventory Firm (TLH) all hit the ceiling costs.

Banking shares additionally carried out positively, comparable to Orient Business Financial institution (OCB), Asia Business Financial institution (ACB), Vietinbank (CTG), Vpbank (VPB), Techcombank (TCB), HDBank (HDB) and Sacombank (STB). However there have been nonetheless some losers within the group like Vietcombank (VCB), Financial institution for Funding and Growth of Vietnam (BID) and Eximbank (EIB)

The securities group recorded sturdy divergence. Việt Nam Financial institution For Business & Commerce Securities JSC (CTS), Financial institution for Funding & Growth of Vietnam Securities Firm (BSI), Financial institution for Funding & Growth of Vietnam Securities Firm (EVS), Saigon-Hanoi Securities Co (SHS), FPT Securities JSC (FTS) and Thành Công Securities Firm (TCI) all ended up gaining. In distinction, VNDirect Securities Inc (VND), SSI Securities Inc (SSI), APG Securities JSC (APG), VIX Securities Joint Inventory Firm (VIX) and Viet Dragon Securities Company (VDS) all declined.

The 30 largest shares tracker, VN30-Index, climbed 0.60 per cent to complete at 1,550.46 factors.

Of the VN30 basket, 15 shares elevated whereas 13 decreased, whereas two ended flat.

In the meantime, on the Hà Nội Inventory Change (HNX), the HNX-Index gained 0.22 per cent to shut at 417.89 factors.

The northern market index had additionally edged up 2.6 factors, or 0.62 per cent, to finish Monday at 419.22 factors.

Through the session, over 59 million shares had been traded on HNX, price VND1.6 trillion. — VNS



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Tags: bankingBusinessEconomygainLifeNewsPoliticsSharesSocietySportssteelStocksVietnam
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