HCM shares continue upward climb

Wednesday, Aug 01, 2018 13:03

Shares rose in HCM City market but declined on Ha Noi bourse in Wednesday morning trade. — Photo cafef.vn

The benchmark VN-Index extended its rally during Wednesday morning’s session, reaching five successive days of gains.

On the HCM Stock Exchange, the VN-Index edged up 0.03 per cent to close Wednesday morning at 956.72 points, totaling a five-session gain of 3.1 per cent.

Meanwhile, on the Ha Noi Stock Exchange, the HNX-Index ended down 0.12 per cent at 106.29 points. It dropped 0.56 per cent on Tuesday.

A total of 149.3 million shares were traded on Wednesday morning, worth VND2.8 trillion (US$121 million).

The overall market breadth was negative with 175 stocks on the two exchanges advancing, 209 declining and 362 remaining unchanged.

Petroleum stocks were drivers of the market on Wednesday morning. The stocks, such as Petro Vietnam Gas JSC (GAS), PetroVietnam Drilling & Well Services Corporation (PVD), PetroVietnam Technical Services Corporation (PVS) and Drilling Mud Joint Stock Corporation (PVC) all rose between 2.5 and 6.5 per cent.

In addition, some blue-chips such as insurer Bao Viet Holding (BVH), steel maker Hoa Sen Group (HSG), Viet Nam National Petroleum Group (PLX), real estate developer Vingroup (VIC), Vincom Retail (VRE), Vietcombank (VCB) and Techcombank (TCB) maintained their rally and helped support the upwards trend of the VN-Index and the HNX-Index.

The afternoon session starts at 1pm. — VNS

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