Shares rise on strong cash flow
Shares rise on strong cash flow
Shares nudged higher on Wednesday morning as investors poured cash flow into blue-chip stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 1.32 per cent to end the morning session at 1,147.47 points.
Nearly 546 million shares were traded on the southern bourse, worth VND12.3 trillion (US$533 million).
The large-cap tracker VN30-Index was up 1.35 per cent to 1,118.09 points.
Twenty-one of the 30 large-cap stocks in the VN30 basket increased while seven declined.
A number of blue-chips attracted cash flow such as insurer Bảo Việt Holdings (BVH), steel maker Hoà Phát Group (HPG), Masan Group (MSN), Vingroup (VIC), Vinamilk (VNM), Vietnam National Petroleum Group (PLX), Vincom Retail (VRE), Phú Nhuận Jewelry (PNJ), Vinhomes (VHM) and Mobile World Group (MWG).
Banking group also rallied with Vietcombank (VCB), Military Bank (MBB), VPBank (PVB) and Techcombank (TCB) all gaining.
On the Ha Noi Stock Exchange, the HNX-Index rose 1.85 per cent to 211.99 points.
Nearly 78 million shares were traded on the northern market, worth VNĐ1.2 trillion.
The afternoon trading session starts at 1pm.
