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Energy and finance stocks boost markets

Jul 27th at 15:14
27-07-2016 15:14:13+07:00

Energy and finance stocks boost markets

Vietnamese shares rebounded in the early session, led by energy and finance sectors, after falling during the previous six days.

 

The benchmark VN Index on the HCM Stock Exchange rose 0.5 per cent to close at 651.91 points.

The HNX Index on the Ha Noi Stock Exchange edged up 0.2 per cent to end at 83.67 points.

PetroVietnam Drilling and Well Service Corp (PVD), PetroVietnam Coating Corp (PVB) and PetroVietnam Technical Services Corp (PVS) helped to boost the energy sector in the early session.

PVD gained 1.6 per cent, PVB was up 2.2 per cent and PVS increased by 2.4 per cent.

Among financial stocks, insurance companies and banks were the strongest gainers.

BIDV Insurance Corp (BIC), Bao Viet Holdings (BVH) and Viet Nam National Reinsurance Corp (VNR) were the major forces that lifted the insurance sector.

Large-cap banks such as Vietcombank (VCB), Vietinbank (CTG), Bank for Investment and Development of Viet Nam (BID) and Asia Commercial Bank (ACB) returned to positive territory.

Other blue chips such as Sai Gon Securities Inc (SSI), Viet Nam Dairy Products JSC (VNM) and Vicostone JSC (VCS) also made gains.

Investors traded nearly 89.3 million shares, worth VND1.43 trillion (US$63.5 million).

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