Large-caps lift markets on strong purchasing

Wednesday, May 06, 2020 12:36

A VNDirect Securities Corporation broker. Viet Nam's benchmark VN-Index gained 1.44 per cent to end Wednesday morning at 775.15 points. - Photo

Large-cap stocks performed well in the morning session to drive the local markets up on Wednesday morning.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 1.44 per cent to end at 775.15 points.

The HNX-Index on the Ha Noi Stock Exchange inched up 0.02 per cent to close at 105.43 points.

The VN-Index rose 0.22 per cent on Tuesday while the HNX-Index dropped a total of 1.34 per cent in the previous two days.

More than 187.4 million shares were traded on the two exchanges, worth VND4.50 trillion (US$192 million).

Strong purchasing power helped boost large-cap stocks in the morning session.

The large-cap tracker VN30-Index was up 1.29 per cent to 720.21 points with 27 of the 30 largest stocks by market value and trading liquidity increasing.

The best performers in the VN30 basket were residential real estate firm Vinhomes (VHM), Coteccons Construction (CTD), brewer Sabeco (SAB), tech group FPT (FPT), PetroVietnam Gas (GAS), and steel producer Hoa Phat (HPG).

Good growth of large-cap stocks had positive impact on mid-cap and small-cap groups, raising the two indices up 0.83 per cent and 0.73 per cent, respectively.

The afternoon trading session starts at 1pm. – VNS

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