Shares gain on morning trade
Shares gain on morning trade
Shares moved up slightly on Monday morning, thanks to stable cash flow pouring in large-cap stocks and finance stocks.
The benchmark VN Index on HCM Stock Exchange edged 0.67 per cent to 1.130,93 points. The southern market index ended down 0.07 per cent on Friday to finish last week at 1,123.41 points.
On Ha Noi Stock Exchange, the HNX Index was up 1.23 per cent to 129.15 points. It gained 1.14 per cent to close last week at 127.58 points.
The overall market condition, however, was negative as losing stocks outnumbered the gaining ones by 229-193, while 313 others remained unchanged.
A total of 166 million shares, worth VND4.4 trillion (US$192.6 million), were traded in the two markets in the morning trade.
Bank stocks regained momentum as the shares of big lenders, such as Vietcombank (VCB), BIDV (BID), Vietinbank (CTG) and Military Bank (MBB), increased between 1.8-3.2 per cent each.
As many as 17 of the 30 largest shares by market capitalisation advanced on the VN30 Index. Gainers in the VN30 basket included Hau Giang Pharmaceutical Joint Stock Company (DHG), dairy producer Vinamilk (VNM), Bao Viet Holdings (BVH), Hoa Phat Group (HPG) and Masan Group Corporation (MSN), helping drive up the market.
On the minor Unlisted Public Company Market under Ha Noi Stock Exchange, the UP Index decreased 0.33 per cent to 61.17 points, with over 13 million shares worth VND306.3 billion being traded.
The afternoon trade starts at 1pm.
