Energy sector lifts stocks
Energy sector lifts stocks
Vietnamese shares advanced in the early session as the energy sector rose strongly after oil prices witnessed a rebound on Monday.
The benchmark VN Index on the HCM Stock Exchange was up 0.5 per cent to close at 680.65 points, maintaining its upward trend for a seventh day.
The HNX Index on the smaller Ha Noi Stock Exchange closed almost flat at 83.15 points, slightly higher than Monday's close.
The energy sector was the leading industry on the stock market after global crude prices rebounded on Monday from the sharp fall last weekend.
London-traded Brent crude ended Monday at US$47.35 per barrel, up from Friday's closing price of $45.89 per barrel.
Among listed oil and gas firms, PetroVietnam Gas Corp (GAS) inched up 0.3 per cent, PetroVietnam Drilling and Well Services Corp (PVD) gained 1.8 per cent and PetroVietnam Technical Services Corp (PVS) edged up 0.5 per cent.
Plastic and rubber producers Binh Minh Plastic JSC (BMP), An Phat Plastic, Green Environment JSC (AAA), Da Nang Rubber JSC (DRC) and Sao Vang Rubber JSC (SRC) continued to attract attention from investors on prospects of higher quarterly performances.
On the negative side, dairy products company Vinamilk (VNM), information technology giant FPT Corp (FPT) and consumer goods producer Masan Group (MSN) fell on profit-taking.
Both local exchanges saw more than 86.2 million shares traded worth nearly VND1.6 trillion ($70.7 million).
