March 21: Vietnam Stocks Rise on Improving Sentiment
Vietnamese stocks jumped up in the morning session with rising liquidity as market sentiment rose.
The benchmark VN Index gained 7.96 points or 1.8 percent to 448.25. Volume soared to 66.13 million shares worth of VND909.84 billion compared with 41.39 million shares worth VND566.3 billion in the previous morning session.
Put-through trading contributed only 1.32 million shares worth VND34.15 billion.
Market opened the morning session in the green with 6.5 million shares changed hands as some profit takers were willing to exit. Market went on in caution on T+4 effect and hit the low at around 10:30 before rising sharply up and close the morning session at the high.
VN30 was stronger than the broader market, posting 10.12 points gain or 2.02 percent to 511.41. Volume soared to 22.78 million shares worth of VND422.12 billion versus 10.9 million shares worth of VND239.84 billion in the yesterday morning session.
Market breadth widened with 195 gainers, 69 losers, and 46 stayed unchanged, of which 70 limited up, 15 limited down.
Broker shares posted solid gains, SBS continued its ceiling performance while HCM, SSI extended their gains.
Banking stocks resumed their rising momentum, all banking shares post strong gain today.
Foreigners still have strong appetite for banking stocks, they uploaded 95,480 VCB shares, 0.8 million STB shares, and 125,240 CTG shares.
Property shares surged, NTL, DIG, ITC, ITA, DIC, KBC, SJS, LCG all limited up, while other posted sharp gain.
On the Hanoi Stock Exchange, the HNX gained 1.88 points or 2.52 percent to 76.27. Trading volume rose to 66.73 million shares traded for VND651.77 billion.
Market breadth turned positive with 223 gainers, 125 losers, 48 unchanged of which 48 hit the ceiling while 22 fell to the floor.
Active players were HBB (16.8 million shares) limiting up, PVX (5.7 million shares), SHB, VCG, also hit the ceiling level. KLS stayed green.
Broker shares, property shares were all up strongly.
Category: Stocks
