Heavy-weighted stocks bolster market amid anxiety

Shares expanded growth on Wednesday thanks to the flourishing of heavy-weighted stocks, amid global anxiety as the world awaited definitive results from the US presidential election. 

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange increased 0. 四 七 per cent to close at  九 三 九. 七 六 points.

It had gained increased by 0. 一 九 per cent to close Tuesday at  九 三 五. 四 一 points.

Nearly  三 五0. 九 million shares were traded on the southern bourse, worth VNĐ 七 trillion (US$ 三0 一. 四 million).

Market breadth was positive with  一 一 九 decliners and  二 九 七 gainers.

The market is responding quite positively to President Trump's prevailing situation in the United States election, said BIDV Securities Co.

On the local market, cash flow continued to flow into the market, the liquidity increased strongly, the trading band widened and the market breadth was positive. All these factors show that the excited trading sentiment has returned, it said.

The VN 三0-Index, which tracks the performance of the  三0 largest stocks by market capitalisation and liquidity on HoSE, increased 0. 三 七 per cent to close Wednesday at  九0 五. 四 八 points.

In the VN- 三0 basket,  一 九 stocks gained ground, six decreased and five remained flat.

Gainers in the group included insurer Bảo Việt Holdings (BVH), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), Vietnam National Petroleum Group (PLX), Vincom Retail (VRE), Phu Nhuan Jewelry (PNJ), Vietnam Electrical Equipment Joint Stock Corporation (GEX) .

Banking stocks also attracted cash flow and supported the market, such as Asia Co妹妹ercial Bank (ACB), Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG), Military Bank (MBB), VPBank (VPB), HDBank (HDB), Techcombank (TCB).

On a sector basis,  二0 of  二 五 sector indices gained ground, including energy, banking, seafood processing, construction materials, logistics, plastics and chemical production, wholesale, insurance, securities, information and technology, food and beverage.

Meanwhile, retail, healthcare, real estate and construction were among the decliners.

Foreign investors net sold VNĐ 六 三 九.0 八 billion on HOSE, including Hoà Phát Group (HPG) with VN 二Đ0 二. 二 billion, Vincom Retail (VRE) with VNĐ 一00.0 billion and Masan Group (MSN) with VNĐ 九 三. 三 billion. They were net buyers on the HNX with the value of VNĐ 一 七. 三 四 billion.

The minor HNX-Index on the Hà Nội Stock Exchange increased  一.0 五 per cent to end Wednesday at  一 四0.0 三 points.

It had risen by  一. 五 二 per cent to end Tuesday at  一 三 八. 五 八 points.

Nearly  四 八. 二 million shares were traded on the northern exchange, worth VNĐ 七 二 九. 三 billion. — VNS