VN stocks advance on positive market sentiment

Jul 13th at 12:28
13-07-2018 12:28:12+07:00

VN stocks advance on positive market sentiment

Vietnamese shares climbed on Friday morning as good investor confidence drove up the performance of banks, financial firms and real estate companies.

 

The benchmark VN-Index on the HCM Stock Exchange was up 1.22 per cent to close at 909.51 points. It rose 0.6 per cent on Thursday.

The HNX Index on the Ha Noi Stock Exchange added 1.90 per cent to end at 102.35 points, extending its growth for a second session.

Market trading liquidity remained low with more than 96 million shares being traded on the two local exchanges, worth VND1.74 trillion (US$77.5 million).

Investor confidence remained positive after the US market traded well overnight on Thursday following the easing of trade tensions between the US and China.

The banking, securities, insurance, property and retail sectors were the five best-performing industries on Friday morning with their sector indices rising between 1.2 per cent and 3.5 per cent.

Large-cap stocks also had a good session as the blue-chip VN30 Index advanced 1.69 per cent to 898.80 points with 24 of the 30 largest stocks by market capitalisation seeing prices rise.

Among gainers were Saigon Securities Inc (SSI), MBBank (MBB), Vietinbank (CTG), Vietcombank (VCB), Bank for Investment and Development of Viet Nam (BID) and digital retailer Mobile World (MWG).

The afternoon trading session starts at 1pm.

bizhub



NEWS SAME CATEGORY

VN stocks recover as tensions ease

Vietnamese shares ended Thursday on a positive note following the improvement of global markets as trade war fears were soothed by news of potential talks between...

More and more companies shifting listings in H1

Around 20 companies have shifted their listings among the stock exchanges since the beginning of this year, more than half moving back to the Unlisted Public...

Shares recover on hopes for trade tension ease

Vietnamese shares rose in Thursday morning session as worries were eased on hopes for positive discussions between the US and China over their trade tensions.

Stocks dive on latest trade news

A large-scale sell-off sank Vietnamese shares on Wednesday after China-US trade tensions increased and dampened investor confidence in the world’s economic...

VN stocks dive further on low confidence

Vietnamese shares tumbled on Wednesday morning with low trading liquidity amidst poor investor sentiment, driven down by underperforming blue chips.

More listed businesses post profit gains in first half

In the early days of July, many listed companies have reported positive earnings for the first half of this year. Most are leading companies in their industries.

VN stocks fall on late selling again

Viet Nam’s benchmark VN Index ended on a negative note for the second day in a row as profit-taking pressure rose in the last minutes to limit the growth of...

VN stocks progress slightly on banks, energy firms

Vietnamese shares made slight gains on Tuesday morning on financial-banking stocks but liquidity remained modest and signalled a tough trading session in the second...

VN stocks lose steam on late sales

Vietnamese shares fell in the last minutes of trading on Monday as selling pressure weighed down large-cap companies after they grew strongly in the last two...

Covered warrants: the answer to investors prayers?

Covered warrants is a new investment tool that on the face of it, appears to be an effective hedging and investment instrument.

TRENDING


MOST READ


Back To Top