Energy and bank stocks lift vao w88

vao w88 VN-Index on vao w88 HCM Stock Exchange edged up 0.22 percent to close vao w88 session at 953.51 points. vao w88 southern market index decreased 0.7 percent on December 19.

On vao w88 Hanoi Stock Exchange, vao w88 HNX-Index rallied 0.52 percent to end at 113.95 points after a 0.3-percent drop on December 19.

Overall market condition was neutral with 231 stocks declining, 238 rising and 255 closing flat on vao w88 two exchanges.

Energy and bank stocks were the major supporter of vao w88’s rally on December 20.

vao w88 three biggest listed energy companies – PV Gas (GAS), Petrolimex (PLX) PetroVietnam Drilling and Well Serivces (PVD) – climbed 1.9 percent; 4.5 percent and 2.6 percent, respectively. Other smaller companies such as PetroVietnam Technical Services (PVS), PetroVietnam Drilling Mud (PVC) and PetroVietnam Coating (PVB) gained values of 3-8 percent.

Seven of 10 lenders on vao w88 two exchanges rallied with vao w88 Big Four (four biggest banks by market value and assets) – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and VPBank (VPB) – increased between 1.7-2.9 percent each.

According to BIDV Securities Co (BSC), stocks with good fundamentals and high expectations on vao w88 last-quarter earnings results continued to draw investments.

“We believe that vao w88 is gradually overcoming the strong correction and ready to conquer the new peak when the Q4 results will attract large amounts of cash flow,” analysts at BSC wrote in a December 20 report.

On vao w88 defensive side, brewer Sabeco (SAB) dropped by vao w88 maximum limit of 7 per cent on HCM City’s bourse for a second day under heavy profit-taking pressure after vao w88 successful divestment auction.

Other substantial losers included Vinamilk (VNM), down 1 percent; DHG Pharmaceutical (DHG), down 2.1 percent; Mobile World Group (MWG), down 0.7 percent; Coteccons Construction (CTD) and Bình Minh Plastics (BMP) down 2.6 percent.

Liquidity improved slightly with a total of 292.2 million shares worth a combined 6.5 trillion VND (285 million USD) being traded on vao w88 two markets, up 3.3 percent in trading volume and 1.6 percent in trading value compared to vao w88 previous session.

Foreign investors concluded as net buyers for a third straight day on HCM City’s exchanges, picking up 5.5 million shares worth a net value of 143 billion VND. They were also net buyers in Hanoi for a modest net value of 18.4 billion VND.