Stocks continue to rise with moderate trading liquidity
Stocks continue to rise with moderate trading liquidity
Vietnamese shares rose in the early session, driven by large-cap stocks, while market trading liquidity was moderate, as investors bought stocks expected to show a good Q3 performance.
The benchmark VN Index on the HCM Stock Exchange moved up 0.4 per cent to close at 666.00 points and the HNX Index on the smaller Ha Noi Stock Exchange added 0.8 per cent to end at 83.60 points.
Large-cap stocks continued to recover from a series of tough trading sessions last week as they were in the must-sold lists of exchange-traded funds (ETFs) such as VNM ETF and FTSE ETF.
Dairy producer Vinamilk (VNM) and property and retail companies Vingroup JSC (VIC) and Sai Gon Securities Inc (SSI) lifted the market.
VNM, the largest listed company by market capitalisation, gained 1.8 per cent in the morning, while VIC added 1.4 per cent and SSI jumped 3.1 per cent.
Energy stocks had a positive first half of the day as crude prices showed improvement during early trading.
London-traded Brent crude was being traded at US$46.46 per barrel, up 1.3 per cent from Tuesday's slight fall.
Small and medium companies forecast to announce better results for the third quarter attracted investors.
These stocks included An Phat Plastic and Green Environment JSC (AAA), real estate company FLC Group (FLC) and Mobile World Corp (MWG).
More than 100 million shares were exchanged in the morning, worth VND1.67 trillion ($74.2 million).
