VN shares rise on positive economic forecasts
VN shares rise on positive economic forecasts
Vietnamese shares rose on both local exchanges this morning, as positive forecasts for the country's economy kept investors confident.
The benchmark VN Index on the HCM Stock Exchange gained 0.3 per cent to close at 564.23 points, and the HNX Index on the Ha Noi Stock Exchange was up 0.1 per cent to stand at 78.06 points.
However, trading was very low as the production management index (PMI) fell below 50 points and foreign investors kept their net sell value.
Both local exchanges traded nearly 45 million shares, worth VND725 billion (US$32.2 million).
The largest companies continued to boost the market. Ma San Group (MSN) was up 1.6 per cent, Bao Viet Holdings (BVH) gained 0.2 per cent and Vingroup Corp (VIC) inched up 0.7 per cent.
Petrovietnam Gas Corp (GAS) increased by 1.3 per cent, and both Petrovietnam Drilling and Well Services (PVD) and Sacombank (STB) gained 1.2 per cent each.
Only four companies saw trading of more than one million shares in the morning.
Japan-Vietnam Medical Equipment JSC (JVC) and Military Bank (MBB) were the most active stocks, trading nearly two million shares each this morning.
However, JVC lost 6.3 per cent due to poor performance in the third quarter of this year, while MBB gained 1.3 per cent after the bank announced it would allow more foreign ownership of its capital.
