Better oil prices boost the local market with rising prices of oil and gas stocks. — Photo Cafef.vn

HA NOI (Biz Hub) — The recovery of oil prices after four consecutive sessions of declines helped oil and gas stocks soar this morning.

WTI oil prices rose 1.1 per cent last night to touch $48.62 per barrel. In Viet Nam, oil and gas stocks, such as PetroVietnam Gas Joint Stock Corporation (GAS), PetroVietnam Drilling and Well Services JSC (PVD), PretroVietnam Coating JSC (PVB), PetroVietnam Technical Services JSC (PVS), and Petroleum Equipment Assembly & Metal Structure (PXS), moved up 2 per cent each this morning.

Besides oil and gas, blue chips, such as Vietcombank (VCB), Hoa Sen Group (HSG), Hoa Phat Group (HPG) and FPT Group (FPT), also increased in active trading today. The stocks of securities, real estate and construction firms were the winners in this session.

Of the securities shares, Ho Chi Minh City Securities Corporation (HCM) attracted good cash flow and gained VND1,400 per share. Other securities shares, such as Sai Gon Securities Inc (SSI) and VNDirect Securities Company (VND), also moved up.

The notable transactions agreed upon this morning involved 7.5 million shares of automobile trader Hoang Huy Investment JSC (HHS), four million shares of Kinh Bac City Group (KBC) and 7.8 million shares of Sai Gon Ha Noi Commercial Bank (SHB).

At the end of the morning session, the VNIndex rose 3.05 points, or 0.5 per cent, to close at 614.67 points on the southern bourse, while the HNX-Index gained 0.19 points, or 0.24 per cent, to end at 81.46 points on the northern bourse.

The liquidity in the market reached 99 million shares, worth VND1.5 trillion. The two bourses recorded 193 gainers and 141 losers. — VNS