The Ho Chi Minh Stock Exchange (HoSE), on which the VN-Index is based, saw a fairly balanced session with 211 stocks gaining and 233 losing. Total trading volume rose slightly over the previous session to VND16 trillion ($695.69 million).According to brokerage MBS, based on technical analysis, the market entered a new short-term uptrend after falling hard by 5.11 percent Tuesday, and could be well on its way to again challenge the 1,200 resistance threshold.However, brokerage BVSC said investors are now more cautious, and expects to see daily gains of lesser magnitude, with more market-correcting sessions.The VN30-Index for the stock market’s largest caps rose 0.46 percent, with 17 stocks rising and 10 falling.Topping gains again was ROS of construction firm FLC Faros, up seven percent to hit ceiling price. Despite this, ROS closed at VND4,380, far below its VND12,600 IPO in 2016 and a high of VND178,000 in late 2017.The ticker has been plummeting since early 2018 as a result of increasingly poor business performance, and is now the smallest capped stock on the VN30.Real estate stocks were the best gainers on the market, with NVL of Novaland climbing 4.1 percent, KDH of Khang Dien House 2.9 percent, TCH of Hoang… Read full this story
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VN-Index enters third straight gaining session have 260 words, post on e.vnexpress.net at January 22, 2021. This is cached page on VietMaz. If you want remove this page, please contact us.