Vietnamese shares rise on govt's strong message
Vietnamese shares rise on govt's strong message
Vietnamese shares closed higher in today's morning session following the Vietnamese government's strong message on improving the business climate.
Regional shares, however, fell in the wake of rising US inflation and the possibility of a rate rise as early as June.
The VN-Index rose 0.4 per cent to end the session close to a yearly high of 327.09 points, fuelled by the gains in blue chips, including BIDV (BIDV), Vietcombank (VCB), Masan (MSN) and FPT Corporation (FPT), although overall decliners were more than gainers by 108-92.
The VN30-Index, tracking the southern bourse's largest stocks by capitalisation, rose 0.83 per cent to finish at 628.13 points.
With more than 86 million shares changing hands, trading value reached VND1.36 trillion (US$60.7 million).
Energy stocks were mixed this morning after gaining yesterday on expectations of a declining global oil glut. PetroVietnam Gas Corp (GAS) treated water while PetroVietnam Drilling (PVD) was up 4.2 per cent and PetroVietnam Technical Service Corp (PVS) dropped slightly by 0.5 per cent.
On the Ha Noi Stock Exchange, the HNX-Index ended the morning session at 82.51 points, or 0.4 per cent higher. Some 30.8 million shares worth VND361.4 billion were traded.
