Property firm Vingroup boosts markets

Monday, Apr 11, 2016 12:27

The stock markets extended gains this morning, lifted by property developer Vingroup. — Photo

HA NOI (Bizhub) — Vietnamese shares rose strongly on both local markets this morning, extending their positive forms as property developer Vingroup rose strongly.

The benchmark VN Index on the HCM Stock Exchange gained 1.3 per cent to close at 580.01 points.

The HNX Index on the Ha Noi Stock Exchange added 0.8 per cent to end at 80.86 points.

Property developer Vingroup JSC (VIC) boosted the markets this morning as it surged 6.3 per cent.

Dairy firm Vinamilk (VNM) increased by 1.4 per cent, extending its rally from the last two trading days.

Energy stocks, such as PetroVietnam Gas Corp (GAS), PetroVietnam Drilling and Well Service (PVD) and PetroVietnam Mud Drilling Corp (PVC), continued to rise as oil prices surged at the end of last week's trading session.

GAS rose 2.2 per cent, PVD jumped 3.8 per cent and PVC advanced 2.9 per cent.

Other large-cap stocks, such as food producer Masan Group (MSN), insurer Bao Viet Holdings (BVH) and Vietcombank (VCB), also had positive trends.

Additionally, the stock markets were lifted by some other stocks, including Hang Xanh Motors Service JSC (HAX) and Kim Long Securities Corp (KLS), which expanded by 2.8 per cent and 2.2 per cent, respectively.

Both local markets traded nearly 101 million shares, worth VND1.68 trillion (US$74.76 million). — VNS

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