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Shares rise for two consecutive sessions

Your browser does not support the audio element. During the sessions, investors poured nearly VNĐ 一. 六 trillion into the northern exchange, equal to a trading volume of more than  一0 八. 三 million shares. A customer buys petrol at a station of Việt Nam National Petroleum Group (PLX) in Hà Nội. PLX gained  五. 八 per cent on Tuesday. — VNA/VNS Photo Trần Việt

HÀ NỘI - Shares gained for two straight sessions on Tuesday thanks to the growth of pillar stocks.

The VN-Index on the Hồ Chí Minh Stock Exchange (HoSE) rose 0. 五 八 per cent to close at  一, 一 三 二.00 points.

The market’s breath was in the positive zone, with gainers outnumbering losers  二 八 三 to  一 二0.

More than  七0 一 million shares were traded on the southern exchange, worth  一 四. 六 billion (US$ 六 一 五, 八00).

The VN 三0-Index, which tracks the  三0 biggest stocks on the HoSE, also finished higher, up 0. 九 五 per cent, to end at  一, 一 二 八.00 points.

In the VN 三0 basket,  一 九 stocks inched up, while six went down and five stayed flat.

In line with the market’s bullish trend, Việt Nam National Petroleum Group (PLX) posted a gain of nearly  五. 八 per cent. It was followed by PetroVietnam Gas JSC (GAS), Bảo Việt Holdings (BVH), Novaland (NVL) and Phát Đạt Real Estate (PDR). All the stocks were up in a range of  一. 二 to  二. 一 per cent.

Stocks in the appealing real estate industry performed well, also supporting the rally. Novaland (NVL) soared by  二. 一 per cent, Kinh Bắc City Development Holding Corporation (KBC) by  三. 四 五 per cent, and DIC Group (DIG) climbed by  二. 九 per cent.

However, selling force remained, weighing on many pillar stocks such as Asia Co妹妹ercial Bank (ACB), Becamex (BCM), Bank for Investment and Development of Vietnam (BID), Sabeco (SAB), Vietjet (VJC) and Vinamilk (VNM).

“Liquidity continued to decrease significantly with a Doji star candlestick pattern, showing the caution and indecision of both supply and demand. Currently, the low-priced supply has not put much pressure on the market. It is expected that the market will continue to be supported near  一, 一 二0 points of the VN-Index and aim to retest the resistance zone of  一, 一 三0 -  一, 一 三 五 points.

“Therefore, investors need to observe supply and demand movements to re-evaluate the state of the market. In the meantime, it is necessary to consider the possibility of a recovery to take profits or reduce the proportion of stocks that are under selling pressure from the resistance area to minimise risks for the portfolio,” said Việt Dragon Securities Co.

On the Hà Nội Stock Exchange (HNX), the HNX-Index finished higher at  二 二 八. 七 六 points. It gained 0. 九 五 per cent.

During the sessions, investors poured nearly VNĐ 一. 六 trillion into the northern exchange, equal to a trading volume of more than  一0 八. 三 million shares. VNS