Shares gain on strong liquidity on both bourses

Shares gain on strong liquidity on both bourses

Shares advanced on both the nation’s bourses on February 19 and liquidity was high.

On the Ho Chi Minh City Exchange, the VN-Index gained 0.62 percent to reach 578.12 points.

The inflow of capital into the stock market was strong, with a total trading value of 2.5 trillion VND (119 million USD), boosting liquidity. Almost 160 million shares were traded.

The benchmark index declined marginally in the morning trading session. However, the strong inflow of capital helped the market rebound, despite forecasts that the index may face volatility when approaching 580 points.

The index’s performance was the same as on February 18, with a loss in the early morning trading session but registering a gain in the afternoon trading.

On the southern bourse, 168 codes added value, while losers stood at 84, however, doubled.

Performances of blue chips were mixed. The VN30-Index, tracking the southern city’s 30 largest shares by capitalisation and liquidity, edged up 0.75 percent to end at 650.43 points, with gainers overwhelming losers by 16-10.

The Technology FPT Group (FPT), logistics company Gemardept (GMD), Masan Group (MSN) and Hoa Sen Group (HSG) each posted strong gains, which ranged from 1,000 VND (0.047 USD) to 2,000 VND (0.095 USD) per share.

Meanwhile, Vinamilk (VNM), Kinh Do (KDC), REE Corporation (REE) and PetroVietnam Low Pressure Gas Distribution (PGD) lost value on February 19.

With 7.78 million shares traded, Tan Tao Group (ITA) led the bourse in liquidity.

The northern bourse also experienced strong inflow of capital on February 19, and the trading value climbed to more than 1 trillion VND (48 million USD). More than 107 million shares were traded.

The HNX-Index jumped 1.59 percent to close at 82.33 points on February 19, while the HNXFF-Index, composed of stocks with a minimum free float rate of 5 percent, added 1.99 percent to end at 81.51 points.

Blue chips attracted capital on February 19, helping to boost the HNX30-Index, which tracks the capital city’s top shares. That index reached 166.93 points on February 19, 3.09 percent higher than the previous day.-VNA

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