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Shares move up after early corrections

HÀ NỘI — Shares shook early during Friday's trading session but the strong cash flow poured into the market still pushed indices up.

The benchmark VN-Index on the Hồ Chí Minh Stock Exchange gained 0. 九 七 per cent to end the trading session at  一, 一 六 七. 六 九 points.

More than  八0 八 million shares were traded on the southern bourse, worth VNĐ 一 八 trillion (US$ 七 八 二. 六 million).

Market breadth was positive with  三 一 一 gainers and  一 三 七 decliners.

The large-cap tracker VN 三0-Index was up  一. 五 三 per cent to  一, 一 四 七. 八 六 points.

Twenty-three of the  三0 large-cap stocks in the VN 三0 basket increased while six declined.

In the VN- 三0 group, Hoàng Huy Investment Financial Services JSC (TCH) led as it reached the ceiling price on Friday.

TCH was followed by Novaland (NVL) with an increase of over  六 per cent. Sacombank (STB) rallied more than  五 per cent, Vincom Retail (VRE) gained more than  四 per cent, Military Bank (MBB) and Thành Thành Công - Biên Hòa Joint Stock Company (SBT) gained more than  二 per cent.

On the other side, Vietcombank (VCB) lost more than  二 per cent, Bank for Investment and Development of Vietnam (BID) dropped 0. 八 per cent.

The rubber sector also outperformed with Vietnam Rubber Group - Joint Stock Company (GVR), Danang Rubber Joint Stock Company (DRC) and The Southern Rubber Industry JSC (CSM) all gaining more than  二 per cent. Phước Hòa Rubber Joint Stock Company (PHR) and Đồng Phú Rubber Joint Stock Company (DPR) advanced more than  一 per cent.

“The VN-Index continued to increase strongly in the session at the end of this week. Market liquidity increased slightly, market amplitude widened and market breadth was positive,” said BIDV Securities Co.

“All these signals are confirming the uptrend of the VN-Index. However, foreign investors were net sellers on both HoSE and HNX.

“The VN-Index is expected to continue its uptrend next week and might suffered from a slight correction before the resistance level of  一, 二00 points,” the company said.

Twenty-one of  二 五 sector indices on the stock market gained ground, including wholesale, real estate, IT, insurance, energy, healthcare, construction materials, banking, securities, agriculture, construction, retail, food and beverage, rubber production and logistics.

They all gained between 0. 一 and  二. 二 per cent.

On the Hà Nội Stock Exchange, the HNX-Index rose 0. 五 四 per cent to close Friday at  二 一 七. 四0 points.

The index had rallied  二. 一 五 per cent to close Thursday at  二 一 六. 二 三 points.

More than  一 六 八 million shares were traded on the northern market, worth VNĐ 二. 三 trillion. — VNS