Shares up on oil price gains
Shares up on oil price gains
Vietnamese shares closed this morning's trading session higher, boosted by gains in oil prices following the surprise deal of cutting oil output by OPEC members.
Petrol and oil stocks leaded the VN-Index on the southern bourse, rising by 0.51 per cent to touch a nine-year high of 690.22 points this morning, after posting gains in the last eight consecutive trading days.
Crude oil rose by nearly six per cent yesterday after OPEC members agreed to curb oil output in the first such deal since 2008.
PetroVietnam Drilling (PVD) hit its ceiling price, rising by 6.9 per cent, with a whopping 4.4 million shares changing hands.
Other oil stocks were also active this morning, with PVGas (GAS) closing up 4.1 per cent, PetroVietnam Transport Services Corporation (PVT) up 2.4 per cent and PetroVietnam Chemicals and Fertilisers Coporation (DPM) up by 0.2 per cent.
Large-cap stocks were mixed with food giant Masan (MSN), insurer Bao Viet Holdings (BVH) and property developer Vingroup (VIC) showing gains, while Vietcombank (VCB), technology giant FPT Group (FPT) and diary firm Vinamilk (VNM) closed down.
Overall, gainers overwhelmed losers by 123-101.
With more than 57 million shares traded on the southern bourse this morning, trading value reached VND1.3 trillion (US$58 million).
On the Ha Noi Exchange, the HNX-Index edged up 0.64 per cent to end the morning session at 84.86 points with more than 28.7 million shares being traded, worth VND396.3 billion.
