The benchmark index showed signs of its recent growth momentum slowing down this session, continuously fluctuating above and below the 1,000-point mark. However, buying pressure on the market’s blue chips in the final hour of trading helped the index post its s eight consecutive gaining session.The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw a fairly balanced session with 203 stocks gaining and 216 losing.Results this session had contradicted predictions of many securities firms including Yuanta Vietnam Securities, which said that after long periods of recovery, there was little room left for the VN-Index to close above 1,000 points, and that it would correct itself towards 980 points in the near future.Total trading volume remained at its highest levels at VND10.3 trillion ($445.85 million), with cash flow split 50/50 between the VN30 basket of blue chips and those outside it.The VN30-Index for this basket gained 0.37 percent, with 19 tickers rising and seven falling.The best performers this session were state-owned banks, with CTG of VietinBank surging 3.2 percent, BID of BIDV gaining 3.1 percent, VCB of Vietcombank adding 0.5 percent, and MBB of mid-sized Military Bank up 0.3 percent.Private banks also did relatively well, with… Read full this story
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