Oil prices lift VN stocks in early trading

tohang

Vietnamese shares rose in the early session, led by energy firms, steel producers and property developers.

Investors at a HCM City Securities Corp's trading platform. Higher oil prices helped boost local markets in the early session. — Photo vietbao.vn

HA NOI (Biz Hub) — Vietnamese shares rose in the early session, led by energy firms, steel producers and property developers.

The benchmark VN Index on the HCM Stock Exchange gained 0.8 per cent to close at 654.50 points.

The HNX Index on the Hà Nội Stock Exchange increased by 0.9 per cent to end at 87.45 points.

Energy firms had a positive trading session, after oil prices bounced back on Wednesday from a two-day decline.

London-traded Brent crude rose 1.8 per cent to close Wednesday's trading at US$48.80 a barrel. Brent crude was being traded at $48.96 a barrel during Thursday's session.

Among energy stocks, PetroVietnam Gas Corp (GAS), PetroVietnam Drilling and Well Service Corp (PVD) and PetroVietnam Technical Service Corp (PVS) advanced between 1.1 per cent and 1.6 per cent.

Property firms and steel producers moved higher as investors expected these stocks to announce higher profits for the second quarter.

In the real estate sector, Viet Nam Construction and Import-Export JSC (VCG), Sai Gon Thuong Tin Real Estate JSC (SCR) and FLC Group (FLC) were among strongest gainers.

Steel producers such as Hoa Sen Group (HSG), Hoa Phat Group (HPG) and Viet Nam-Italy Steel JSC (VIS) also made good gains.

Investors exchanged nearly 126 million shares worth VND2.2 trillion ($98 million). — VNS

  • Share:

see also

Market cautious as liquidity drops significantly

Market cautious as liquidity drops significantly

On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index closed at 1,272.87 points, down 1.17 points or 0.09 per cent. Market breadth remained negative, with 171 declining stocks, 149 advancing and 49 unchanged. Liquidity saw a sharp decline to...
Việt Nams aviation industry soars towards growth

Việt Nam's aviation industry soars towards growth

Vietnamese airlines are proactively gearing up, expanding their fleets and launching early ticket sales for the Lunar New Year to cater for the rising demand.
Blue chips drive strong market rally, VN-Index surpasses 1,270 points

Blue chips drive strong market rally, VN-Index surpasses 1,270 points

The VN30-Index, which represents the 30 largest stocks by market capitalisation on the HoSE, soared by 19.21 points, or 1.45 per cent, to settle at 1,342.48 points. Remarkably, all 30 stocks in the VN30 basket closed in positive territory.
Finance ministry announces five credit rating enterprises

Finance ministry announces five credit rating enterprises

One more company has been granted the certificate of eligibility since August.
Market mixed as foreign bloc restarts net buying

Market mixed as foreign bloc restarts net buying

Market breadth remained negative, with 184 stocks declining, 143 advancing and 44 unchanged. Liquidity surged to VNĐ15.9 trillion (approximately US$624.35 million), marking a 29.2 per cent increase compared to the previous session.