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VN-Index on steady uptrend

Oct 11th at 13:30
11-10-2017 13:30:46+07:00

VN-Index on steady uptrend

Shares rose steadily on Wednesday morning on the two exchanges as many large-cap stocks grew strongly and supported the market.

 

The VN-Index on the HCM Stock Exchange was up 0.41 per cent at 813.94 points.

On the Ha Noi Stock Exchange, the HNX-Index edged up 0.24 per cent to 108.83 points.

Large-cap stocks continued to fuel the market uptrend with 21 of the top 30 largest shares by market value and liquidity rising and only eight declining.

Real estate giant VinGroup (VIC) climbed 3.1 per cent, PV Gas (GAS) increased 1.6 per cent, IT group FPT (FPT) rose 1.8 per cent and Kido Group (KDC) was up over 1 per cent.

Banks extended gains. VPBank (VPB) gained 2.9 per cent, BIDV (BID) increased 1.8 per cent, while Vietinbank (CTG) and Vietcombank (VCB) slowed their growth to just 0.2 per cent.

However, overall market condition was negative with decliners outnumbering advancers by 231-184. Another 318 stocks remained unchanged on the two exchanges.

Liquidity increased with 1236.7 million shares worth a combined VND2.54 trillion (US$112 million) being traded on the two markets.

Afternoon trade starts at 1pm.

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