Shares struggle to stay positive, textile and retail stocks spur market

Workers of Thành Công Textile Garment Investment Trading Joint Stock Company (TCM). TCM was up 3.8 per cent yesterday. Photo thanhcong.com.vn

Shares struggled to stay positive on Friday with large-caps experiencing strong volatility but cash flow pouring into textile and retail stocks still spurred the market’s uptrend.

On the Hồ Chí Minh Stock Exchange (HoSE), the market benchmark VN-Index edged up 0.02 per cent, to 1,498.50 points.

The market's breadth was positive with 231 gainers and 211 losers.

During the session, nearly 769 million shares were traded on the southern bourse, worth over VNĐ24.5 trillion (US$1.07 billion).

The VN30-Index, which tracks the 30 biggest stocks on HoSE, rose 0.06 per cent, to 1,498.36 points.

Of the VN30 basket, 18 stocks slid, while only eight inched higher and four ended flat.

In the VN-30 basket, the best performers included Bank for Investment and Development of Vietnam (BID), rising 0.8 per cent, Khang Điền House (KDH), climbing 0.4 per cent, Novaland (NVL), up 1 per cent, Vinhomes (VHM), increasing 0.3 per cent and VPBank (VPB), rising 1.1 per cent.

On the other side, losers were Bảo Việt Holdings (BVH), FPT Corporation (FPT), PetroVietnam Gas JSC (GAS), Vietinbank (CTG), HDBank (HDB), PVPower (POW), Sabeco (SAB), Masan Group (MSN), Vietjet (VJC) and Vinamilk (VNM).

Cash flow tended to run into industrial retail stocks such as Mobile World Group (MWG), rising 3.7 per cent, Digiworld (DGW), up 4.1 per cent, Petrovietnam General Services JSC Corporation (PET), up 5.9 per cent, Petroleum General Distribution Services JSC (PSD), rising 5.7 per cent.

The textile and garment industry experienced a positive trading day with notable industry-representative stocks increasing strongly. In which, Century Synthetic Fiber Corporation (STK) rose 5.2 per cent. Sông Hồng Garment Joint Stock Company (MSH), up 4.1 per cent, Thành Công Textile Garment Investment Trading Joint Stock Company (TCM), up 3.8 per cent, Việt Thắng Corporation (TVT), up 2 per cent, TNG Investment and Trading JSC (TNG) advancing more than 5 per cent and Việt Nam National Textile & Garment Group (VGT) inched up 2.7 per cent.

On the Hà Nội Stock Exchange (HNX), meanwhile, the HNX-Index lost 0.23 per cent to end at 461.75 points.

During the trading session, investors poured more than VNĐ3.6 trillion into the bourse, equivalent to a trading volume of more than 127 million shares. — VNS