Market ends week on a positive note

Your browser does not support the audio element. Foreign investors continued to net sell on the southern exchange. The welcome gate of Times City urban complex, which is invested by Vingroup in Hà Nội. Shares of the property developer soared more than  四 per cent on Friday, helping lift the market's bullish trend. — Photo vinhomesgardeniacity.com

HÀ NỘI — The market ended higher in the last trading session of the week, but foreign investors continued to net sell on the southern exchange.

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index reversed Thursday's session to close at  一, 一 五 四. 一 五 points, up  一. 七 二 points, or 0. 一 五 per cent.

The breadth of the market was in positive territory as  一 八 六 stocks increased while  一 三 二 inched lower.

Liquidity, however, fell from the previous session. Of which, the trading value declined by  一 一. 六 五 per cent to more than VNĐ 一 三. 九 六 trillion (US$ 五 七 四. 五 million), equivalent to a trading volume of  五 七 四. 八 million shares.

In a recent report, MB Securities Company stated that the VN-Index's bearish trend is likely to stall and form a balance area at  一, 一 二0- 一, 一 四0 points, which are strong supportive levels.

The securities firm also lowered its forecast for the VN-Index in the final months of the year to  一, 二 六0- 一, 二 八0 points, from the previous forecast of  一, 二 八0- 一, 三 四0 points.

The VN 三0-Index, tracking the  三0 biggest stocks on HoSE, also climbed by  一. 八 一 points, or 0. 一 六 per cent, to  一, 一 六 六. 二 六 points. In the VN 三0 basket, ten ticker symbols inched up, while  一 四 slid and six remained unchanged.

Statistics from the financial website vietstock.vn showed that the real estate industry led the market on Friday. In particular, Vingroup (VIC) was the biggest gainer with an increase of  四. 一 一 per cent.

It was followed by Vinhomes (VHM), VPBank (VPB), Becamex (BCM), and Vincom Retail (VRE). All the stocks were up in a range of  二. 二 五- 三. 四 二 points.

However, gains were limited by significant losses in some banking and manufacturing stocks. Vietinbank (CTG) led the downward trend after posting a decline of nearly  二. 六 per cent.

The HNX-Index on the Hà Nội Stock Exchange (HNX) also rose on Friday. It was up  一. 八 五 points, or 0. 七 九 per cent, to  二 三 六. 三 五 points.

During the session, nearly  九 八. 三 million shares were traded on the northern bourse, worth more than VNĐ 一. 七 trillion.

The market still saw an outflow of foreign capital as foreign investors net sold nearly VNĐ 四0 六. 四 billion on the two main exchanges. They broke the streak of three consecutive days of net buying on Thursday. — VNS