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VN-Index advances on energy stocks

May 25th at 13:29
25-05-2017 13:29:03+07:00

VN-Index advances on energy stocks

The benchmark VN-Index added 0.33 per cent to close Thursday’s morning trade at 745.21 points after blue chips continued to grow.

 

Eighteen of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange advanced while 11 slumped.

Energy stocks were the market driver as the largest companies in this sector all climbed.

Largest listed energy firm PV Gas (GAS) increased 1.4 per cent. PetroVietnam Drilling and Wells Service (PVD) rose 4.7 per cent and petrol retailer Petrolimex (PLX) edged up 0.34 per cent.

Banks also maintained their growth with big names such as BIDV (BID), Vietinbank (CTG), Military Bank (MBB) gaining between 0.3 and 4.8 per cent.

On the other side, however, VinGroup (VIC), Vinamilk (VNM), Vietcombank (VCB) and brewery Sabeco (SAB) tumbled and dragged the market down.

On the Ha Noi Stock Exchange, the HNX-Index was up 0.91 per cent at 93.82 points.

A total of 161.4 million shares worth a combined VND3.1 trillion (US$134.3 million) were traded on the two markets this morning.

Afternoon trade starts at 1pm.

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