Shares jump on the back of large-caps
Shares jump on the back of large-caps
Vietnamese shares jumped on Thursday following the rise of a series of industry groups, with indices gaining right from the beginning of the session, bolstered by multiple large-cap stocks.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index gained 1.87 per cent to end at 1,236.63 points.
The index had declined 1.33 per cent to end Wednesday at 1,213.93 points.
More than 561.7 million shares were traded on the southern bourse, equivalent to VND14.75 trillion (US$634.8 million).
Market breadth was positive with 154 losers and 298 gainers.
In the banking group, all stocks gained ground including Military Bank (MBB), Techcombank (TCB), Vietcombank (VCB), Bank for Investment and Development of Viet Nam (BID), VietinBank (CTG), Viet Nam International Commercial JS Bank (VIB) and Saigon-Hanoi Commercial JS Bank (SHB), and Tien Phong Bank (TPB).
Energy stocks also performed positively with gainers such as Viet Nam National Petroleum Group (PLX), PetroVietnam Technical Services Corporation (PVS), PetroVietnam Drilling and Well Services Corporation (PVD) and Drilling Mud Joint Stock Corporation (PVC).
Vietnamese shares' uptrend on Thursday moved in the opposite direction to the global downtrend. The MSCI's benchmark for global stocks trimmed earlier gains and was down 0.3 per cent after the US Fed approved on Wednesday its biggest interest rate hike since 1994.
The 30 biggest stock tracker VN30-Index increased 2.18 per cent, to end at 1,280.37 points.
Gainers in the VN-30 group were Hoa Phat Group (HPG), FPT Corporation (FPT), Masan Group (MSN), Novaland (NVL) and Khang Dien House (KDH).
In the basket, 26 stocks climbed, and three slid, the other one was flat.
On a sector basis, 20 out of 25 sector indices on the stock market gained ground, including insurance, retail, oil and gas, banking, wholesale, construction, rubber production, IT and logistics, agriculture, real estate, food and beverage, and construction materials.
Losers, meanwhile, included securities and healthcare.
On the Ha Noi Stock Exchange (HNX), the HNX-Index grew 1.6 per cent, to end Thursday at 287.77 points.
The northern market index had lost 2.35 per cent, to end Wednesday at 283.25 points.
Nearly 61.8 million shares were traded on the northern exchange, worth VND1.4 trillion.
