VN-Index rallies on large-caps
VN-Index rallies on large-caps
The VN-Index managed a modest rally on Tuesday morning, lifted by individual large-caps even as selling pressures continued to increase, limiting gains.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.63 per cent to close at 967.36 points.
The southern market index gained 1.09 per cent to close at 961.30 points on Monday.
More than 124 million shares were traded on the southern bourse, worth at least VND2.5 trillion (US$107 million).
Vinhomes (VHM), Vingroup (VIC) and budget carrier Vietjet (VJC) made strong contributions to maintaining the overall market momentum. VHM gained 3.7 per cent to close at VNĐ85,000 per share. VIC increased by 1.5 per cent to VNĐ115,400 per share. VJC rose 1.9 per cent to VNĐ122,800.
Other large-cap stocks also performed well, boosting the blue-chip VN30 Index 0.72 per cent to 911.49 points.
Eighteen of the 30 largest stocks by market capitalisation in the VN30 basket advanced while 10 declined.
However, many other large-cap stocks dropped and put pressure on the market such as Bank for Investment and Development (BID), Vietinbank (CTG), PetroVietnam Gas Joint Stock Corporation (GAS), PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling & Well Services Corporation (PVD) and Viet Nam National Petroleum Group (PLX).
The HNX-Index on the Ha Noi Stock Exchange lost 0.13 per cent to end at 106.70 points.
The northern market index rose 0.68 per cent to end at 106.84 points on Monday.
Nearly 21 million shares were traded on the northern bourse, worth VND270 billion.
The afternoon trading session starts at 1pm.
