Gas stocks lift the market
Gas stocks lift the market
The stock market rose this morning with high liquidity on both bourses and an impressive performance by the blue chips.
On the HCM Stock Exchange, the VN-Index was up 0.93 per cent to close at 579.43 points.
Liquidity improved from Wednesday, with more than 88 million shares being traded this morning, worth VND1.46 trillion (US$67.5 million).
The VN30, tracking the top 30 shares by market value and liquidity, increased by 0.98 per cent to close at 60.89 points, with 23 advancing stocks.
Gas firms replaced banks as the most influential stocks on the market. PetroVietnam Gas Corporation (GAS) and PetroVietnam Drilling and Well Service Corporation (PVD) were leading the market with a growth of 1.57 and 2.8 per cent, respectively.
Investments continued to flock into real-estate shares. HCM City Infrastructure Investment JSC (CII) rose as the most active stock on the market, with more than 12.3 million of its shares being traded, and gained 2.18 per cent to end at VND23,400 per share.
Two large-cap shares, Ocean Group JSC (OGC) and Becamex Infrastructure Development JSC (IJC), together hit the ceiling prices of VND2,700 and VND12,000 per share respectively.
On the Ha Noi Stock Exchange, the HNX-Index rose by 1.06 per cent to stand at 88.42 points.
The northern bourse traded 44.7 million shares, worth VND617 billion ($28.5 million).
Gas shares, such as PVS, PVC and PVB, made gains to drive the market up.
FIT Investment JSC (FIT) took the lead on the market, trading four million of its shares, but losing 1.24 per cent to finish at VND15,900 per share.
The afternoon session will start at 1pm.
