VN-Index on track to breach 1,400 threshold
VN-Index on track to breach 1,400 threshold
Shares inched higher on Monday morning, backed by energy, bank and manufacturing stocks.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 7.27 per cent, or 0.52 per cent, to 1,399.97 p oints. If the market's sentiment is strong enough, it can break over the key psychological level of 1,400 points today.
The market's breadth was positive with 200 stocks climbing while 197 stock declined, while the liquidity was also high. Accordingly, investors poured over VND12.48 trillion (US$547 million) into the southern market, equivalent to a trading volume of nearly 422.3 million shares.
The index was supported by gains in some large-cap stocks, especially in energy, banking and manufacturing sectors.
Of which the VN30-Index, tracking 30 biggest stocks in HoSE, jumped 9.46 points, or 0.63 per cent, to 1,514.3 points. In the VN30 basket, 19 stocks increased, while nine stocks slid and two stocks stayed unchanged.
Data compiled by vietstock.vn showed that PetroVietnam Gas (GAS) led the market's rally trend this morning, up 5.8 per cent. It received a boost from rising oil and gas prices in the international market.
VPBank (VPB) and Hoa Phat Group (HPG) also contributed to the gains, up 3.6 per cent and 1.4 per cent, respectively.
On the Ha Noi Stock Exchange (HNX), the HNX-Index climbed 1.93 points, or 0.5 per cent, to 386.77 points.
However, foreign investors continued to exit the market as they net sold a value of around VND260 billion on HoSE.
