Large-cap stocks lift market

Monday, Jun 04, 2018 12:40

Vietnamese shares remained positive on Monday morning on the back of a strong cash flow running into bank stocks and blue chips. - Photo

Shares in the country’s two stock exchanges rose Monday morning on the back of a strong cash flow pouring into the large-cap and banking sectors.

The benchmark VN-Index on the HCM Stock Exchange rose 1.09 per cent to close the morning session at 1,003.68 points.

On the Ha Noi Stock Exchange, the HNX-Index was up 0.89 per cent at 116.77 points.

A total of 118.5 million shares worth VND3 trillion (US$134 million) were traded in the two markets during the morning trading session.

Twenty-one stocks in the VN30 basket, which tracks the top 30 shares by market value and liquidity on the HCM Stock Exchange, gained value, while only eight slipped.

Steelmaker Hoa Sen Group (HSG) and budget airline Vietjet Air (VJC) were the top performers among the gainers, hitting the daily increase limit of 7 per cent.

Other heavyweight shares such as Vinamilk (VNM), Hoa Phát Group (HPG), and Bao Viet Holdings (BVH) gained between 2.9 to 4 per cent each.

The stocks that drove the banking sector up included Vietcombank (VCB), VPBank (VPB), Military Bank (MBB), and HDBank (HDB).

The afternoon session starts at 1pm. — VNS

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