Shares advance on blue chip recovery
Shares advance on blue chip recovery
Shares advanced on Tuesday morning driven by the recovery of large-cap stocks.
The benchmark VN-Index on the HCM Stock Exchange was up 0.4 per cent at 712.94 points.
On the Ha Noi Stock Exchange, the HNX-Index inched up 0.3 per cent to 87.3 points.
Several blue chips rebounded this morning as relatively low valuations boosted bargain activity.
Private equity Masan Group (MSN) climbed 3.34 per cent. Dairy giant Vinamilk (VNM) and insurer Bao Viet Holdings (BVH) were also both up over 0.5 per cent.
In addition, oil and gas stocks recovered following several sessions of declines. PV Gas (GAS) increased 1.8 per cent while PetroVietnam Drilling and Wells Service (PVD) edged up 1 per cent.
A total of 95 million shares worth VND1.8 trillion (US$79 million) were traded on the two markets.
Apart from blue chips, money also flowed into realty stocks, as seven of the top 10 most active stocks on the two exchanges were real estate companies, namely FLC Group (FLC), Hoang Quan Consulting Trading Service Real Estate (HQC), FLC Faros Construction (ROS) and Dat Xanh Real Estate (DXG), as well as Duc Long Gia Lai Group (DLG), PetroVietnam Construction (PVX) and Tasco (HUT).
The afternoon session starts at 1pm.
