Large-caps support shares
Large-caps support shares
Vietnamese shares gained on Friday morning thanks to strong performances by a few large-cap stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange increased 0.24 per cent to 902.98 points.
On the Ha Noi Stock Exchange, the HNX-Index dropped 0.51 per cent to end the morning at 103.46 points.
Nearly 87.5 million shares worth a combined VNĐ1.6 trillion (US$67 million) were traded on the two markets.
The VN-Index received strong support from the rally of large-caps VPBank (VPB), Vincom Retail (VRE), Vietcombank (VCB) and Vietinbank (CTG).
Notably, steel maker Hoa Sen Group (HSG) gained 5.3 per cent to trade at VNĐ6,710 per share thanks to the news that the Vice Chairman of its Board of Directors, Trần Ngọc Chu, had registered to buy 500,000 HSG shares.
At the same time, General Director cum Member of the Board of Directors Trần Quốc Trí has also registered to buy 380,000 shares.
Oil and gas stocks lost ground due to the global oil price slump. Losers included PetroVietnam Drilling and Wells Service (PVD), PetroVietnam Technical Services (PVS) and PV Gas (GAS).
US light crude WTI lost 3.48 per cent to sit at $44.61 per barrel and Brent went down 4.24 per cent to $52.16 per barrel.
Afternoon trading starts at 1pm.
