VN stocks up, trade war still worries investors
VN stocks up, trade war still worries investors
Vietnamese shares made slight gains on Monday morning while investors remained cautious amid the uncertainty of global markets.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.15 per cent to close at 975.78 points.
The VN-Index lost total 1.69 per cent last week.
More than 96 million shares were traded on the southern bourse, worth VND1.79 trillion (US$77 million).
The Vietnamese stock market hovered in the early trading session as investors were cautious amid the uncertainty of global stocks.
According to analysts, the unpredictability of the US-China trade war will continue dampening the market mood, resulting in the selling of local assets.
The market breadth was balanced on Monday morning with 144 gaining stocks versus 142 decliners.
Large-cap stocks advanced slightly to support the market.
The VN30-Index increased by 0.39 per cent to end at 882.03 points with 18 of the 30 largest stocks by market capitalisation and trading liquidity making gains.
By sectors, technology performed the best as the sector index gained 2.1 per cent. The tech sector was lifted by FPT Corp (FPT), which was up 2.3 per cent.
On the Ha Noi Stock Exchange, the HNX-Index inched up 0.09 per cent to end at 102.87 points.
The northern market index fell total 0.12 per cent last week.
More than 16 million shares were traded on the market, worth VND193 billion.
The afternoon trading session starts at 1pm.
