Export stocks lift the market
Export stocks lift the market
Expectations of a successful conclusion of the Trans-Pacific Partnership (TPP) agreement pushed up garment and seafood shares this morning, lifting indices on the two stock exchanges.
On the HCM Stock Exchange, the VN-Index added 0.81 per cent to end at 566.87 points, while the HNX-Index on the Ha Noi Stock Exchange edged up 0.41 per cent to reach 78.57 points.
The market condition was positive, with 32 per cent of the total 609 trading stocks advancing, 21 per cent falling and 47 per cent closing unchanged.
Stocks that are forecast to benefit from the TPP rose strongly this morning.
Garment companies such as Thanh Cong Textile Garment Investment Trading (TCM), TNG Investment and Trading (TNG), MiraeCo (KMR) and seafood exporter Hung Vuong Corp (HVG) climbed four per cent, six per cent and seven per cent each.
Blue chip firms such as Vietcombank (VCB), Masan Group (MSN), Bao Viet Holdings (BVH) and BIDV (BID) also increased, helping the market growth.
Liquidity remained modest with just about 71 million shares, worth more than VND1 trillion (US$44.4 million), being traded on the two exchanges.
The afternoon session will start at 1pm.
