Shares extended gain but volatility remains

Tuesday, Sep 25, 2018 12:30

Investors at FPT Securities JSC’s trading house in Ha Noi. – VNS Photo Truong Vi

Shares experienced volatility on Tuesday morning but strong support from the oil stocks helped the indices gain ground.

On the Ho Chi Minh Stock Exchange, the VN-Index edged up 0.23 per cent to 1,013.61 points. The benchmark index gained 0.83 per cent to end at 1,011.29 points on Monday.

On the Ha Noi Stock Exchange, the HNX-Index inched up 0.65 per cent at 116.34 points. It posted a loss of 0.18 per cent to end at 115.59 points on Monday.

The market breadth was positive with 219 stocks rising, 166 declining and 357 closing unchanged on the two exchanges.

A total of 176 million shares worth combined VNĐ3.3 trillion (US$142 million) were traded in the two markets.

The large-cap VN30 Index gained 0.16 per cent to stand at 987.14 points.

On a sector basis, real estate, mining, banking and securities companies were the main driving factors for the stock market on Tuesday morning.

Other sectors that also performed well included construction material and food and beverages.

Oil stocks drove the market up, with gainers including PetroVietnam Gas JSC (GAS), PetroVietnam Technical Services Corporation (PVS) and PetroVietnam Drilling & Well Services Corporation (PVD).

Large-caps stocks also performed well, such as Vinhomes (VHM), Phú Nhuận Jewelry company (PNJ), Vincom Retail (VRE) and steel maker Hòa Phát Group (HPG).

The afternoon trade starts at 1pm. — VNS

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