VN shares rise on both local markets
VN shares rise on both local markets
Vietnamese shares rose on both local markets this morning, led by energy stocks, following higher global oil prices.
The benchmark VN Index on the HCM Stock Exchange gained 0.4 per cent to close at 566.50 points, and the HNX Index on the Ha Noi Stock Exchange was up 0.7 per cent to end at 78.66 points.
Energy stocks of PetroVietnam Gas Corporation (GAS) and PetroVietnam Drilling and Well Services Corporation (PVD) extended their gains by 1.3 per cent after the oil prices improved on the global markets.
The American benchmark crude West Texas Intermediate (WTI) jumped 4.8 per cent to trade at US$37.86 a barrel. The WTI crude price gained nine per cent in the past three days.
At the end of this morning, PVD rose 2.5 per cent and GAS was up 1.9 per cent.
The stock market also received strong boost from large-cap stocks, such as Vingroup JSC (VIC), the Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG) and FPT Corporation (FPT).
VIC and FPT inched up 0.2 per cent, BID gained one per cent and CTG increased by 1.1 per cent.
Both local markets exchanged more than 51 million shares, worth VND845 billion ($37.5 million).
