Shares rise after US interest rates remain unchanged
Shares rise after US interest rates remain unchanged
Vietnamese shares rose on the two local markets this morning, after the United States central bank decided to maintain the current interest rate.
On the HCM Stock Exchange, the benchmark VN Index gained nearly one per cent to close at 567.96 points.
The HNX Index on the northern bourse was up 0.6 per cent to close at 77.64 points.
After the United States central bank declined to keep its interest rate close to zero per cent early today, the banking sector was up 1.3 per cent.
Six of the nine listed banks on the market improved, such as Vietcombank (VCB) and Vietinbank (CTG), which rose 1.8 per cent and 3.6 per cent, respectively.
Other large listed companies also made gains. Bao Viet Holdings (BVH) was up 3.6 per cent, Vinamilk (VNM) gained one per cent and FPT Corp (FPT) increased by 1.6 per cent.
However, the falling global oil prices reduced the gains that energy firms made early in the session.
Petrovietnam Gas Corp (GAS) was up 0.4 per cent and Petrovietnam Drilling and Well Services (PVD) gained 0.8 per cent.
Property development firm Phat Dat Real Estate Development Corp (PDR) was the most active stock this morning, with more than 7.1 million of its shares being traded.
Both local bourses traded more than 89.2 million shares, worth VND1.35 trillion (US$60.3 million).
