VN-Index passes 1,000 points

The Vietnam’s stock market officially surpassed the 1,000-point mark on October 30 after seven months despite strong selling pressure thanks to support from blue-chip stocks.
Rising momentum was led by stocks of Vingroup. Of which, VIC gained 1.5 percent to VND119,600 per share; VHM surged 1.4 percent to VND88,800 per share; and VRE soared 2 percent to VND33,250 per share.

In addition, several gas and oil and banking stocks, including VCB, ACB, PLX and GAS also rallied strongly, helping the Vietnam’s benchmark to keep the 1,000-point mark though after touching this mark, the market faced heavy profit-taking pressure from investors.

The VN-Index recovered 5.02 points, or 0.5 percent, to close at 1,000.89 points with 173 winners, 146 losers and 66 stocks remained unchanged.

The HNX-Index jumped 1.21 points, or 1.16 percent, to finish at 105.89 points with 65 stocks increasing, 60 decreasing and 64 standing still.

Market liquidity saw a sudden increase thanks to the volume of put-through transaction of ACB with total trading volume reaching 276 million shares, worth VND5.6 trillion.

In this trading session, foreign investors net sold nearly VND40 billion on the market, of which, they mainly sold blue-chip stocks, including VNM with VND57.9 billion, VJC with VND28.9 billion, MSN with VND28.2 billion and BID with VND12.4 billion.

By Nhung Nguyen – Translated by Thuy Doan

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