VN stocks gain further, boosted by property stocks
VN stocks gain further, boosted by property stocks
Vietnamese shares were positive on Monday morning, led by real estate stocks and positive investor confidence.
The benchmark VN Index on the HCM Stock Exchange gained 1.06 per cent to close at 1,162.33 points, extending its growth from a five-day rally of 2.4 per cent.
The minor HNX Index on the Ha Noi Stock Exchange added 0.69 per cent to end at 134.02 points. It had increased by a total of 6 per cent in the previous seven consecutive sessions.
More than 200 million shares were traded on the two local exchanges, worth VND4.62 trillion (US$205.4 million).
The market breadth was positive with 202 gaining stocks against 184 declining ones, while 115 other stocks ended flat.
The stock market was boosted by the growth of real estate stocks. The real estate sector index jumped 4.1 per cent, data on vietstock.vn showed.
Among the strongest gaining property developers were Vingroup (VIC), Dat Xanh Real Estate Service and Construction Corp (DXG) and Novaland (NVL).
Large-cap stocks also performed well, pulling the large-cap index VN30 Index up 1.59 per cent to 1,130.63 points with 20 of the 30 largest stocks by market capitalisation advancing.
Gainers among those stocks included FLC Faros Construction (ROS), steel producer Hoa Phat (HPG) and digital retailer Mobile World (MWG).
On the Unlisted Public Company Market (UPCoM), the UPCOM Index fell 0.64 per cent to end at 61.41 points after having gained a total of 0.9 per cent in the previous three days.
The afternoon trading session starts at 1pm.
