Shares maintain upward trend in HCM City

Shares maintained their upward movement on the HCM Stock Exchange this morning, with the VN-Index up 0.1 per cent at 675.5 points.

The Index has increased 0.4 per cent in the past three sessions.

By contrast, the HNX-Index on the Ha Noi Stock Exchange was down 0.2 per cent at 81 points. It rose 0.3 per cent in the previous three days.

Many large-cap shares retreated this morning, restraining the market rise, including lender BIDV (BID), insurer Bao Viet Holdings (BVH), Vietcombank (VCB) and real estate giant VinGroup (VIC), as well as steelmakers Hoa Phat Group (HPG) and Hoa Sen Group (HSG) and PetroVietnam Drilling and Wells Service (PVD).

Hoang Anh Gia Lai Group (HAG) and its agribusiness arm Hoang Anh Gia Lai Agricultural (HNG) continued to rise and supported the market together with the growth of Masan Group (MSN) and Mobile World Group (MWG).

The overall market condition was negative, with 215 of the total 692 stocks declining and only 150 advancing.

More than 85 million shares worth VND1.3 trillion (US$58.3 million) were traded in the two markets.

The afternoon trade session starts at 1pm. – VNS