PNJ's building in Hà Nội. The company shares jumped 5.79 per cent yesterday, supporting the market's uptrend. Photo courtesy PNJ

HÀ NỘI — Shares closed higher on Thursday, but the market’s trading value hit a 2-month low and foreign investors net sold nearly VNĐ180 billion (US$7.86 million) on the southern bourse. 

The market benchmark VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) gained 2.85 points, or 0.21 per cent, to 1,342.06 points.

The market’s breadth remained positive, while the liquidity on HoSE was lower. Of which the trading value on the southern market dropped 13.2 per cent to VNĐ13.2 trillion, which was the lowest in two months. 

The benchmark was backed by real estate sector and other pillar stocks. The VN30-Index, tracking 30 biggest stocks on HoSE, rose 3.24 points, or 0.22 per cent, to 1,453.76 points. Thirteen of the VN30 basket climbed on Thursday, while eleven declined and six ended flat.

Real estate stocks dominated the market’s gain. Of which Vingroup (VIC) led the trend with an increase of 1.5 per cent. It was followed by Vincome Retail (VRE), up 2.83 per cent. 

Other stocks supporting the market were Masan Group (MSN), Đức Giang Chemicals Group (DGC) and Phú Nhuận Jewelry JSC (PNJ). These stocks all posted gains of more than 1 per cent.

Energy stocks still witnessed good performance with PetroVietnam Gas (PVGas, GAS) up 0.21 per cent, and PetroVietnam Drilling & Well Services Corporation (PVD) up 2.7 per cent. 

However, lingering selling pressure still cast a shadow on the market sentiment, with bank stocks losing the most. 

Data compiled by vietstock.vn showed that Vietcombank (VCB) posted the biggest loss on Thursday, down 1.32 per cent. BIDV (BID) and Vietnam International Commercial Joint Stock Bank (VIB) also fell more than 1 per cent. 

Yesterday was the last trading session of the third quarter, which was also the time for many investment funds to close net asset value (NAV). 

But unlike expectations from analysts, it went quietly at the end of the session and the trading volume in the market was moderate.

On the Hà Nội Stock Exchange (HNX), the HNX-Index finished on Thursday at 357.33 points, down 3.04 points, or 0.86 per cent. 

During the session, investors poured more than VNĐ2.5 trillion into the market, equivalent to a trading volume of nearly 115.3 million shares. 

On the other hand, foreign investors were net sellers on the market. Of which, they net sold a value of VNĐ179.82 billion on HoSE, while net bought a value of VNĐ11.92 billion on HNX. — VNS