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Market climbs on large caps support

Sep 14th at 14:04
14-09-2017 14:04:08+07:00

Market climbs on large caps support

Shares rose steadily on the HCM Stock Exchange, with the VN-Index hitting 806.43 points on Thursday morning, up 0.44 per cent over Wednesday.

 

The overall market condition was neutral, with 131 shares rising, 115 falling and 97 remaining unchanged.

Large-cap stocks again supported the market, as 18 of the top 30 largest shares by market value and liquidity advanced and only six declined.

The gainers that had the greatest influence on the market were PV Gas (GAS), Petrolimex (PXL), Vietcombank (VCB) and VinGroup (VIC), as well as Vietinbank (CTG), Masan Group (MSN) and steelmaker Hoa Phat Group (HPG).

On the Ha Noi Stock Exchange, the HNX-Index was also up 0.18 per cent at 104.62 points.

Investors showed their confidence in the market outlook, boosting the market liquidity.

A total of 139 million shares worth a combined VND2.6 trillion (US$114.6 million) were traded in the two markets, up 40.4 per cent in volume and 13 per cent in value compared to Wednesday morning's trade.

The afternoon trade session starts at 1pm.

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