Market liquidity was positive with 303 stocks rising, while 148 slipped. However, liquidity was slightly lower on Thursday. Investors paid over 26.1 trillion dong (US $ 1.15 billion), equivalent to a trading volume of 874.07 million shares.
The 30 largest stock tracker VN30-Index rose 3.55 points, or 0.23%, to 1,531.76 points. It reversed the bearish trend after falling 0.13% in the morning trade. Seventeen in the VN30 basket climbed, while 11 went down and two remained flat.
The benchmark was mainly driven by oil and gas stocks, with PetroVietnam Gas (PVGas, GAS) the most up, up 4.53%.
Saigon Hanoi Commercial Joint Stock Bank (SHB), Vinamilk (VNM), Petrolimex (PLX), Mobile World Investment Corporation (MWG) and Novaland (NVL) joined the first support group. Those stocks jumped 0.9% to 3.28%, according to data compiled by vietstock.vn.
Fertilizer stocks also drew cash flow in the early afternoon, supporting bullish market sentiment. PetroVietnam Fertilizer & Chemicals Corporation (DPM) and PetroViet Nam Ca Mau Fertilizer JSC (DCM) even achieved the biggest intraday gain of 7%.
Meanwhile, the financial sector was still stuck in the downtrend as the sales force remained. Vietcombank (VCB), BIDV (BID) and Techcombank (TCB) were among the biggest losers. The losses of Vinhomes and Vincom Retail (VRE) also weighed on the market.
On the Hanoi Stock Exchange (HNX), the HNX index rose 5.22 points, or 1.24%, to 427.64 points.
During the trading session, more than 147.1 million shares were traded on HNX, valued at almost VND 3.5 trillion.
On the other hand, foreign investors were net buyers on the two major exchanges yesterday, with a total value of VND 233.55 billion. Which they bought net worth VND 226.51 billion from the southern market and VND 7.04 billion worth from HNX.
In the morning trade, they sold a net worth of VND 54.63 billion on HoSE.