Market opens new week on positive note as large-cap stocks rise
Market opens new week on positive note as large-cap stocks rise
Vietnam's stock market rose on Monday morning, reversing last week's downward trend on gains in blue-chip stocks.
On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index climbed 0.43 per cent to 1,167.19 points. The market breadth turned positive as 302 stocks increased, while 135 stocks declined.
In the morning session, more than 392.6 million shares were traded, worth over VND8.47 trillion.
The gain in large-cap stocks was the main driving force for the market's rebound.
The VN30-Index, which tracks 30 biggest stocks in market capitalisation, posted an increase of 0.11 per cent to 1,168.46 points. Of the VN30 basket, 16 stocks climbed while only 9 stocks slid.
Stocks from real estate, construction and materials contributed the most to the market's rally.
Top three stocks influencing the market were Vietnam Dairy Products JSC (Vinamilk, VNM), Southeast Asia Commercial Joint Stock Bank (SEABank, SSB) and Vincom Retail JSC (VRE) with SSB shares hitting the biggest daily gain of 7 per cent.
SSB shares were official listed on HoSE last Wednesday.
On the Ha Noi Stock Exchange (HNX), the HNX-Index increased 1.27 per cent to 274.41 points. The HNX30-Index, tracking 30 biggest stocks on the northern market, also rose 1.52 per cent to 402.41 points.
