Masan lifts VN-Index
Masan lifts VN-Index
Shares extended gains this morning, once again boosted by certain stocks.
The VN-Index, the measure of 310 stocks on the HCM Stock Exchange, inched up 0.1 per cent to close at 670.1 points.
The HNX-Index on the smaller market in Ha Noi, tracking 379 stocks, increased 0.3 per cent to end at 83.4 points.
Some large-cap stocks continued to lift the market.
Masan Group (MSN), one of the largest private equity firms in Viet Nam, rose for the third consecutive day following the announcement of a 20-million-share buyback, adding 5.2 per cent this morning. The share price has climbed 14.6 per cent in the last three days.
Gainers also included oil and gas stocks, such as PV Gas (GAS), PetroVietnam Drilling and Wells Service (PVD), insurer Bao Viet Holdings (BVH) and Vietinbank (CTG), each rising by less than 1 per cent.
Besides blue chips, money also flowed in the real estate sector as eight of the top 10 most active stocks were from property companies, with 1-4 million shares being traded in each code.
Kinh Bac City Development Holdings (KBC) was temporarily leading trade nationwide with nearly four million shares changing hands. Its share price increased 1.7 per cent to VND17,600 per share.
A total of 76 million shares, worth almost VND1.5 trillion (US$67 million), changed hands this morning in the two markets.
The afternoon session starts at 1pm.
