Shares inch up on ETFs trading

Friday, Mar 17, 2017 12:45

Both stock indices inch up on Friday morning on rising ETF's trading. — Photo

Shares maintained positive performance on Friday morning as exchange-traded funds (ETFs) accelerated trading on the last day of portfolio review.

The benchmark VN-Index on the HCM Stock Exchange inched up 0.1 per cent to 715.6 points.

On the Ha Noi Stock Exchange, the HNX-Index was up 0.2 per cent at 88.2 points.

The market gained momentum owing to financial stocks, with large enterprises such as BIDV (BID), Vietinbank (CTG), Vietcombank (VCB) and Military Bank (MBB), as well as Bao Viet Holdings (BVH) and Masan Group (MSN) all advancing.

Securities firms such as Saigon Securities Inc (SSI), HCM Securities (HCM), VNDirect Securities (VND) and Sai Gon-Ha Noi Securities (SHS) also maintained growth.

However, large energy stocks such as PV Gas (GAS), PetroVietnam Drilling and Wells Service (PVD) and PetroVietnam Technical Services (PVS) slumped and restrained the market rise.

Liquidity was positive with nearly 130 million shares worth VND2.5 trillion (US$109.6 million) traded on the two markets.

Afternoon trade starts at 1pm. – VNS

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