Shares extend gain despite investor caution

Friday, Aug 31, 2018 12:45

Investors follow transactions at Saigon Securities Inc (SSI) in Ha Noi. — VNS Photo Doan Tung

Shares extended gains on Friday morning’s session although caution still lingered among investors following the latest update on the China-US trade tension.

The benchmark VN-Index on the HCM Stock Exchange advanced 0.40 per cent to close at 1,002.09 points, extending its gain of 1 per cent on Thursday.

The HNX Index on the Ha Noi Stock Exchange lost 0.02 per cent to end at 113.56 points. It gained 0.71 per cent on Thursday.

More than 120.7 million shares were exchanged on the two bourses, worth VND2.5 trillion (US$107.7 million).

Investors were cautious as US president Donald Trump announced he would impose tariffs on an additional $200 billion of Chinese imports as soon as a public comment period on the plan ends next week.

Market trading was positive with 209 gaining stocks and 186 decliners.

The blue-chip VN30 Index, which tracks the 30 largest shares by market capitalisation, was up 0.26 per cent to 977.99 points.

Large-caps were market drivers, with gainers including Petro Vietnam Gas JSC (GAS), Saigon-Hanoi Commercial Joint Stock Bank (SHB), VPBank (VPB), dairy firm Vinamilk (VNM), real estate developer Vinhomes (VHM) and budget carrier Vietjet (VJC).

The afternoon trading session starts at 1pm. — VNS

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