The market got support from major stocks like VIC, VCB and STB. Steel producer HPG has maintained its winning streak for nearly one week, adding VND600 at VND34,400 per share with 5.7 million shares changing hands.

 

In addition, steelmaker HSG jumped by VND1,800 to VND37,100 per share with 2.7 million shares traded. Regarding the securities sector, SSI contracted 0.93% while HCM edged up 0.63%.

 

Overall, trading volume reached 113.2 million shares worth a total of VND2.06 trillion (US$92.5 million) on the southern bourse, down slightly from the previous session, with matching transactions accounting for 99.6 million sharers valued at VND1.7 trillion.

 

Meanwhile, the Hanoi market moved sideways on June 1 as the HNX-Index inched up 0.01% at 81.93 points. There were 47.4 million shares worth a combined VND511 billion changing hands, well below the previous session. Put-through transactions dropped sharply to 1.9 million shares worth nearly VND20 billion.      

 

SCR continued taking the lead by volume with over 4.4 million shares traded. Major gainers on the Hanoi market were PVX, KSQ, APS and CVN.

 

Foreign investors net bought VND15.1 billion worth of shares on the HCMC bourse, down heftily from the session earlier. They acquired MBB shares worth VND43.5 billion, followed by VIC with VND18.2 billion and CTD with VND11.9 billion. In contrast, VND106.6 billion worth of HPG shares, VND5.1 billion of HAG shares and VND3.6 billion of CSM shares were offloaded.

 

The Hanoi exchange reported foreign net purchases of VND6.2 billion. Foreign investors spent VND4.8 billion on DGL and VND4.5 billion on PVS, while they picked VND2.9 billion worth of DBC shares and VND2.5 billion of SHB shares. 

 

Bao Viet Securities Company wrote in a report on June 1 that a correction could occur soon as the two indexes have gone up in previous sessions, and a selloff could hit stocks in the petroleum and steel sectors.