VN stocks advance on retail, pharmacy sectors
VN stocks advance on retail, pharmacy sectors
Vietnamese shares gained on Tuesday morning on the back of retailers and pharmaceutical companies, but short-term risks lie ahead for the market in the second half of the trading session.
The benchmark VN Index on HCM Stock Exchange rose 0.39 per cent to close at 1,163.79 points. It had increased by 3.2 per cent in the previous six sessions.
The minor HNX Index on Ha Noi Stock Exchange advanced 0.90 per cent to end at 135.30 points, adding up to its eight-day rally of 6.7 per cent.
More than 155.6 million shares, worth VND4.15 trillion (US$184.5 million), were traded on the two local exchanges.
The market breadth was negative, with declining stocks dominating over gainers by 230 to 174, while 117 other shares remained unchanged.
Pharmaceutical and retail shares were the major boost for the stock market on Tuesday morning, with the two industry indices growing 3.1 per cent and 2.1 per cent, respectively, data on vietstock.vn showed.
The leading gainers among those stocks were DHG Pharmaceutical JSC, Japan-Vietnam Medical Instrument JSC and digital retailer Mobile World.
Securities firms, food and beverage producers and agriculture companies were among others that made good gains to support the market.
On the opposite side, the stock market was weighed down by energy, banking and IT sectors.
On the Unlisted Public Company Market (UPCoM), the UPCOM Index inched 0.08 per cent to 61.16 points, recovering from a 1.12 per cent decline on Monday.
The afternoon trading session starts at 1pm.
