VN-Index up on gas stocks, HNX-Index down
VN-Index up on gas stocks, HNX-Index down
Shares continued to edge up on the HCM Stock Exchange on Wednesday morning, but declined on the Ha Noi Stock Exchange under the pressure of rising profit-taking.
The VN-Index inched up 0.2 per cent to 717.6 points, while the HNX-Index was down 0.3 per cent to 86.6 points.
The overall market condition was negative with 207 stocks decreasing, 1,076 rising and 316 remaining unchanged in the two markets.
Blue chips were on the defensive, as 19 of the top 30 shares by market value and liquidity on the main bourse in HCM City lost value while only nine advanced.
Among the few gainers, oil and gas stocks supported the market.
Benefitting from the global oil price growth, PV Gas (GAS), the biggest listed energy stock, grew 1.5 per cent and PetroVietnam Drilling and Wells Service (PVD) added 1.74 per cent.
Property stocks were mixed. Some maintained their rises such as Novaland Investment Group (NVL), FLC Group (FLC), Ninh Van Bay Real Estate (NVT) and Hoang Quan Consulting Trading Service Real Estate (HQC).
Some decreased, including VinGroup (VIC), Kinh Bac City Development (KBC) and HCM City Infrastructure Investment (CII).
A total of 174 million shares worth VND2.4 trillion (US$105.3 million) were traded in the two markets.
The afternoon trade starts at 1pm.
