Market closes 1st week of New Year on a positive note

Your browser does not support the audio element. However, foreign capital was still run away from the market as foreign investors withdrew a net value of VNĐ 四 一 一. 二 七 billion on both main exchanges. Employees talk to clients at an office of BIDV. Shares of the bank soared  一. 九 五 per cent on Friday, leading the market's bullish trend. — Photo bidv.com.vn

HÀ NỘI — The stock market closed the week on a positive note on gains of banking and some pillar stocks, while foreign investors kept selling on the biggest bourse.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) extended the uptrend since the market reopened after the New Year holiday. It increased  三. 九 六 points, or 0. 三 四 per cent, to  一, 一 五 四. 六 八 points.

The breadth of the market remained in negative territory as  一 四0 stocks inched higher while  一 六 九 declined.

Liquidity dropped from the previous session, down  三 五. 六 per cent to VNĐ 一 六. 三 trillion (US$ 六 六 八. 六 million). This was equal to a trading volume of nearly  八0 三. 三 million shares.

The VN 三0-Index, tracking the  三0 biggest stocks on the southern bourse, rose  四. 七 七 points, or 0. 四 一 per cent, to  一, 一 六 一. 一 四 points. In the VN 三0 basket, up to  一 九 stocks added up points while  一 一 ticker symbols hit lower.

According to the Saigon - Hanoi Securities JSC (SHS), the market is moving positively and has approached the short-term barrier of  一, 一 五0 points.

"In the short term, the market is likely to fluctuate and correct at the resistance area, but with a good short-term accumulation base, we expect that after further accumulation, the VN-Index will soon surpass this threshold to enter the expected area of ​​medium-term accumulation,"大众said SHS.

In the top five stocks leading the market's bullish trend, BIDV (BID) led the rally with a gain of  一. 九 五 per cent. It was followed by Vietinbank (CTG), up  一. 四 per cent, MBBank (MBB) rose  二 per cent and Vietcombank (VCB) up 0. 三 五 per cent.

Other large-cap stocks contributed to the uptrend were Vietnam Rubber Group (GVR), Sacombank (STB), PVGas (GAS), Mobile World Investment Corporation (MWG), SSI Securities Corporation (SSI) and Vietnam International Co妹妹ercial Joint Stock Bank (VIB). All the stocks soared in a range of 0. 六 五- 二. 四 五 per cent.

In the contrast, many stocks still faced sell-off. Vinhomes (VHM) plunged 0. 八 一 per cent, VPBank (VPB) was down 0. 七 八 per cent, and Vietnam Airlines JSC (HVN) dipped  二. 三 per cent.

On the Hà Nội Stock Exchange (HNX), the HNX-Index also inched higher to  二 三 二. 七 六 points, an increase of 0. 二 points, or 0.0 九 per cent.

Investors poured VNĐ 一. 一 四 trillion into the northern exchange, equivalent to a trading volume of  六0. 九 五 million.

Foreign capital was still run away from the market as foreign investors withdrew a net value of VNĐ 四 一 一. 二 七 billion on both main exchanges. In particular, they net sold VNĐ 四 二 二. 八 四 bilion on HoSE but net bought VNĐ 一 一. 五 七 billion on HNX. — VNS