Textile, energy firms push markets up
Textile, energy firms push markets up
Shares rose slightly in the two local markets on Friday morning, led by textile and garment producers and energy companies.
The benchmark VN Index on the HCM Stock Exchange inched up 0.1 per cent to close at 725.51 points. It has increased by 0.9 per cent in the past three days.
The HNX Index on the Ha Noi Stock Exchange gained 0.5 per cent to end at 90.31 points, reversing from a two-day decline of 0.5 per cent.
Around 122.7 million shares worth VND2.64 trillion (US$117.5 million) were traded on the two bourses.
Textile and garment producers made strong gains on Friday morning on hopes that the Trans Pacific Partnership (TPP), which involves 11 countries, would be finalised after New Zealand ratified it on Thursday.
Leading textile companies such as Thanh Cong Textile Garment Investment Trading (TCM), TNG Investment and Trading (TNG) and Viet Nam National Textile and Garment (VCG) rose between 5.8 and 9.9 per cent.
The energy sector performed well after oil prices rose on Thursday’s trading. Brent Crude finished Thursday at $50.77 a barrel, making a two-day rise of 4.2 per cent.
In the local market, PetroVietnam Drilling and Well Services (PVD) and PetroVietnam Technical Services (PVS) edged up 0.3 per cent and 0.6 per cent, respectively.
The afternoon session starts at 1pm.
