Blue chips boost VN Index
Blue chips boost VN Index
Shares rebounded on Monday morning, driven by the growth of large-cap stocks.
The benchmark VN Index edged up 0.76 per cent to 744.45 points.
On the HCM Stock Exchange, 21 of the top 30 shares by market value and liquidity advanced; only five declined. Major stocks in banking, steel and food-beverage sectors increased.
The biggest contributors to the market growth were Vinamilk (VNM), PV Gas (GAS), Vietcombank (VCB), Vietinbank (CTG), lender BIDV (BID), insurer Bao Viet Holdings (BVH) and Petrolimex (PLX).
Overall, the number of rising shares was slightly higher than the declining ones (133-116); 80 remained unchanged.
The main losers were brewery Sabeco (SAB), budget airline Vietjet (VJC), Domesco Medical Import Export (DMC), Mobile World Group (MWG) and agro businesses Hoang Anh Gia Lai (HAG) and Hoang Anh Gia Lai Agribusiness Investment (HNG).
On the Ha Noi Stock Exchange, the HNX Index rose 0.91 per cent to 95.22 points.
Around 158 million shares worth VND2.9 trillion (roughly US$128 million) were traded on the two local exchanges .
The afternoon session starts at 1pm.
