Local bourses experience mixed fortunes

Friday, Jun 22, 2018 12:29

Shares struggled to gain on Friday morning as investors remained cautious over current market volatility. — Photo vietnambiz.vn

Vietnamese shares ended Friday morning on different notes, with investors expressing mixed confidence on the volatility of the market.

The benchmark VN Index on the HCM Stock Exchange gained 0.70 per cent to close at 976.15 points. It had dropped by 1.18 per cent on Thursday.

The HNX Index on the Ha Noi Stock Exchange inched down 0.10 per cent to close at 110.06 points, extending from its decline of 1.73 per cent on Thursday.

Liquidity plunged, with more than 74 million shares, worth VND1.9 trillion (US$83 million), being traded on the two local exchanges.

The market breadth was quite balanced with 198 gainers and 181 losers.

Fifteen of 20 sectors of the stock market improved, including banking, insurance, energy and food and beverages.

Large-cap stocks were on the positive side as the VN30 Index, which tracks the 30 largest stocks by market capitalisation, rose by 0.67 per cent to 962.19 points.

Cash flow was strongly poured into large-caps, namely in Bank for Investment and Development of Viet Nam (BID), Vietcombank (VCB), budget carrier Vietjet (VJC), steel producer Hoa Phat (PG), dairy firm Vinamilk (VNM), retailer Vincom Retail (VRE) and insurer Bao Viet Holdings (BVH).

The afternoon trading session starts at 1pm. — VNS

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