Shares go up thanks to oil stocks

Friday, Oct 25, 2019 12:08

The energy and mining sector index gained 1.1 per cent, data on vietstock.vn showed. — Photo ndh.vn

HÀ NỘI — Vietnamese shares increased on Friday morning, aided by energy and petroleum stocks.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged up 0.18 per cent to end at 995.43 points.

The VN-Index rose total 1.2 per cent in the last four days.

More than 86 million shares were traded on the southern bourse, worth VND1.9 trillion (US$80 million).

Market sentiment was bolstered by the gains of oil prices. The energy and mining sector index gained 1.1 per cent, data on vietstock.vn showed.

Oil stocks such as PetroVietnam Technical Services Corporation (PVS), Viet Nam National Petroleum Group (PLX) and PetroVietnam Drilling and Well Services (PVD) advanced 2.2 per cent, 0.17 per cent and 0.9 per cent, respectively.

Bluechips such as Bao Viet Holdings (BVH), Vinamilk (VNM), Sabeco (SAB), Vietjet Air (VJC), PVPower (POW) and banking stocks like Vietinbank (CTG), Military Bank (MBB), Vietcombank (VCB), VPBank (VPB) all gained, helping the market recover.

On the Ha Noi Stock Exchange, the HNX-Index rose 0.06 per cent to close at 104.70 points.

More than 12 million shares were traded on the northern bourse, worth VND185 billion.

The afternoon trading session starts at 1pm.

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