VN-Index gains for a fourth straight day on blue-chip stocks – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

A member of employees speaking to a buyer at Vietcombank’s transaction workplace. The financial institution shares elevated 1.45 per cent yesterday, main the market’s uptrend. — Picture vietcombank.com.vn

HÀ NỘI — Indices rose on Friday, with the market benchmark VN-Index marking a fourth day achieve on blue-chip shares.

On the Hồ Chí Minh Inventory Trade (HoSE), the VN-Index completed increased on the final buying and selling day of the week however nonetheless hovered beneath the resistance degree of 1,470 factors. The index ended on Friday at 1,469.1 factors, up 7.76 factors or 0.53 per cent. 

The achieve was in step with expectations from Saigon-Hanoi Securities JSC (SHS).

As the speed hike of 1 / 4 share level of the US Federal Reserve on Wednesday was extensively anticipated and was already priced in, it will have little impact on the Vietnamese inventory market within the quick time period, SHS wrote in a each day report back to buyers launched on Thursday.

“Due to this fact, on the final buying and selling day, we anticipate that the VN-Index is more likely to proceed its present rallies to progressively slim the hole with the resistance degree of 1,470 factors,” mentioned SHS.

The market’s breadth was constructive with extra shares gaining factors, whereas liquidity additionally elevated sharply in comparison with the earlier session as international exchange-trade funds (ETF) accomplished their portfolio restructurings. 

Accordingly, over VNĐ24.2 trillion (US$1.1 billion) price of shares, equal to a buying and selling quantity of greater than 795.7 million shares, was traded on the southern market. 

The benchmark’s rallies have been pushed by large-cap shares, principally in banking, actual property, manufacturing and vitality sectors. Thereby, the 30 largest shares tracker VN30-Index climbed 7.02 factors, or 0.48 per cent, to 1,476.94 factors. 

Eighteen shares of the VN30 basket posted constructive efficiency on Friday, whereas ten slid and two ended flat. 

Knowledge compiled by vietstock.vn confirmed that Vietcombank led the uptrend on Friday after rising 1.45 per cent. 

It was adopted by PVGas (GAS), up 2.74 per cent, boosted by robust surges of worldwide oil costs. Brent crude and the US crude topped $100 a barrel once more on Thursday as a consequence of rising issues over the Russian provide scarcity. 

Additionally supporting the index, FPT Company (FPT), Vinhomes (VHM) and Hòa Phát Group (HPG), Becamex (BCM), BIDV (BID), Vietjet Aviation JSC (VJC) and Improvement Funding Building JSC (DIG) additionally reported good efficiency on Friday. 

On the Hà Nội Inventory Trade (HNX), the HNX-Index closed Friday at 451.12 factors, up 5.05 factors, or 1.13 per cent. 

Through the session, practically 130.1 million shares have been traded on the bourse, price over VNĐ3.95 trillion. 

Alternatively, international buyers have been internet sellers on HoSE as they web bought a price of VNĐ229.19 billion. Nevertheless, they web purchased a price of VNĐ40.32 billion on HNX. — VNS