Shares finish morning on positive momentum
Shares finish morning on positive momentum
Shares closed Monday’s morning on a positive note following last week’s gains thanks to expansion of large-cap stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange climbed 1.04 per cent to 907.51 points.
The benchmark index inched up 0.12 per cent to finish last week at 898.19 points, decreasing 1.76 per cent on a weekly basis.
On the Ha Noi Stock Exchange, the HNX-Index gained 0.64 per cent to end at 103.67 points.
The HNX Index on the Ha Noi Stock Exchange gained nearly 2 per cent on Friday to end at 103.01 points and closed last week level.
Nearly 84.3 million shares worth a combined VNĐ1.7 trillion (US$72 million) were traded on the two bourses.
Bank stocks soared during the morning session, with Vietcombank (BIDV), Techcombank (TCB) and Vietinbank (CTG) gaining from 0.2 to 3 per cent.
Notably, VPBank (VPB) hit the daily limit rise of 7 per cent.
Oil and gas stocks also recovered this morning.
The two biggest oil and gas firms, PV Gas (GAS) and Petrolimex (PLX), advanced 1.5 per cent and 2.1 per cent, respectively.
Other firms including PetroVietnam Drilling and Wells Service (PVD), PetroVietnam Technical Service (PVS) and PetroViet Nam Coating JSC (PVB) increased between 1.1 per cent and 1.6 per cent.
Other bluechips like Mobile World (MWG), Coteccons Construction Joint Stock Company (CTD) and budget carrier Vietjet (VJC) also gained ground, supporting the indices.
However, the market’s upward movement was restrained by declines of several major stocks including Military Bank (MBB), brewery Sabeco (SAB) and real estate developer Novaland (NVL).
The afternoon session starts at 1pm.
