Large-caps recover, VN-Index rises for a second day

Friday, Dec 20, 2019 12:48

Inside a Techcombank office. The bank shares gained rose 1.8 per cent on Friday morning. — Photo

Vietnamese shares extended gains on Friday morning, but investors were still cautious ahead of exchange-traded funds’ portfolio reviews.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.31 per cent to close at 955.22 points.

The southern market index inched up 0.12 per cent on Thursday.

More than 102 million shares were traded on the southern bourse, worth VND1.82 trillion (US$78.5 million).

Large-cap stocks boosted Viet Nam’s main bourse as the VN30-Index increased by 0.48 per cent.

In the VN30 basket, 20 of the 30 largest stocks by market capitalisation and trading liquidity advanced while six declined.

Across the southern exchange, there were 170 gaining stocks and 125 declining ones.

Large-cap companies that saw shares rise included insurer Bao Viet Holdings (BVH), Techcombank (TCB), retailer Mobile World Investment (MWG) and real estate firms Vinhomes (VHM) and Vincom Retail (VRE).

But investors were still cautious as exchange-traded funds (ETFs) were reviewing their investment portfolios, causing a big shake-up among local stocks.

On the Ha Noi Stock Exchange, the HNX-Index slid 0.11 per cent to end Friday morning at 101.89 points.

The HNX-Index was up 0.19 per cent on Thursday.

More than 14 million shares were traded on the northern market, worth VND166 billion.

The afternoon trading session starts at 1pm. — VNS

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