Markets continue upward trend as blue chips gain

Tuesday, Jun 06, 2017 12:45

On the Ha Noi Stock Exchange, the HNX Index added 0.42 per cent to reach 95.32 points on Tuesday morning. — Photo

Shares continued to rally on the two local exchanges on Tuesday morning, boosted once again by large-cap stocks.

The benchmark VN Index on the HCM Stock Exchange was up 0.42 per cent at 746.61 points.

On the Ha Noi Stock Exchange, the HNX Index also added 0.42 per cent to reach 95.32 points.

Large-cap stocks continued to demonstrate their strength in supporting the market rise.

Eight of the 10 largest stocks by market value and liquidity advanced, including sector leaders such as Vinamilk (VNM), PV Gas (GAS), Vietcombank (VCB), VinGroup (VIC), Vietinbank (CTG) and Hoa Phat Group (HPG).

At the other end, lender BIDV (BID), private equity firm Masan Group (MSN) and Hoang Anh Gia Lai Agricultural Investment (HNG) and logistics company Gemadept (GMD) tumbled.

A total of 133 million shares worth a combined VND2.4 trillion (US$106 million) were traded in the two bourses.

Market analysts expect the VN Index to overcome its short-term threshold of 750 points, provided large-cap stocks continue to grow, and market liquidity remains positive.

The afternoon session starts at 1pm. — VNS

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