Sabeco, Vinamilk fuel VN-Index

Monday, Dec 04, 2017 13:00

The VN-Index was up 1.1 per cent to hit a 10-year high at 970.81 points on Monday's morning. — Photo

Large-cap stocks continued to grow strongly on Monday morning, lifting the VN-Index up 1.1 per cent to 970.81 points.

Twenty-five of the top 30 largest stocks by market value and liquidity on the HCM Stock Exchange gained value and only three tumbled.

The largest-listed company, Vinamilk (VNM), climbed 4.5 per cent this morning, while brewer Sabeco (SAB) increased 2.1 per cent to VND341,000 (US$14.96) per share, following information that the Ministry of Industry and Trade will auction 53.59 per cent of the brewer’s capital on December 18.

Saigon Securities Inc (SSI) and steelmaker Hoa Sen Group (HSG) both rallied over five per cent, while VinGroup (VIC) and Sacombank (STB) rose by over two per cent each.

Strong capital inflow fueled investors’ excitement on small- and mid-cap stocks.

Overall market condition was positive with 160 stocks advancing, 100 falling and 86 remaining unchanged.

Over 149 million shares worth nearly VND3.3 trillion ($144.7 million) were traded on the southern market.

On the Ha Noi Stock Exchange, the HNX-Index was up 0.45 per cent at 116.01 points with nearly 59 million shares worth VND657 billion traded.

The afternoon session starts at 1pm. – VNS

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