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Securities stocks push VN Index to 1,200 points
The benchmark VN Index hit a new record high of 1,200 points on Monday morning on the good move of large-cap and securities stocks.
The VN Index on HCM Stock Exchange gained 0.13 per cent to close at 1.201,57 points, up from the previous three-day increase of one per cent.
The Index narrowed its growth as profit-taking pressure rose when it surpassed the 1,200-point landmark, gaining as much as 0.8 per cent.
More than 130.6 million shares, worth VND4 trillion (US$175.6 million), were traded on the southern bourse.
The market breadth was negative with 121 gaining stocks, 148 declining ones and 86 stocks ending flat.
Strong cash flow was poured in the securities sector. The best performers were Sai Gon Securities Incorporation, up 3.7 per cent; Ho Chi Minh City Securities Corporation, moving up 3.3 per cent; VNDirect Securities Corporation, increasing 2.6 per cent; and FPT Securities Joint Stock Company, gaining 6.3 per cent.
Large-cap stocks were also the main factor to drive the market up. Among the largest gainers in the VN30 Index, with the 30 largest stocks by market capitalisation, were property developer Vingroup, Vincom Retail Joint Stock Company and budget carrier Vietjet VJC.
On Ha Noi Stock Exchange, the HNX Index decreased by 0.14 per cent to end at 137,82 points, down from the previous two-day gain of two per cent.
Nearly 42 million shares, worth some VND733 billion, were traded on the northern bourse.
The UPCOM Index on the Unlisted Public Company Market went down 0.36 per cent to stay at 60,42 points, reversing from its previous 0.36 per cent rally.
The afternoon trading session starts at 1pm.
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