Shares edge up, VN-Index back to test 1,200 point-level
Shares edge up, VN-Index back to test 1,200 point-level
The market continued its rally on Thursday morning, helped by gains in large-cap stocks.
On the Ho Chi Minh Stock Exchange (HoSE), the benchmark VN-Index rose 19.5 points, equivalent to 1.64 per cent, to 1,120.94 points.
The market breadth was positive with 283 stocks climbing, while 133 stocks declined. During the morning session, the market's liquidity was higher than yesterday's session as nearly 507.78 million shares were traded on the southern bourse, worth over VND12.4 trillion.
The gains in pillar stocks were still the main driving force for the market's bullish streak.
The VN30-Index, which tracks the 30 biggest stocks on HoSE, was up 23.86 points, equivalent to nearly 2 per cent, to 1,220.1 points.
Twenty-nine of the 30 large-cap stocks in the VN30 basket posted gains this morning while only one fell.
Stocks from all sectors increased, with real estate and bank stocks still leading the market trend such as Vingroup JSC (VIC), Vietcombank (VCB) and Vinhomes JSC (VHM).
On the Ha Noi Stock Exchange (HNX), the HNX-Index also edged higher, up 0.4 per cent to 287.82 points. The HNX30-Index rose 1.4 per cent to 427.52 points.
Foreign investors kept fleeing from the market. They net sold a value of VND33.3 billion on both exchanges this morning.
