The benchmark VN Index on the Ho Chi Minh Stock Exchange (HoSE) gained 0.58 per cent to close at 950.70 points. — Photo cafef.vn
Vietnamese markets showed mixed results on Thursday morning amidst large gaps in share prices.
The benchmark VN Index on the Ho Chi Minh Stock Exchange (HoSE) gained 0.58 per cent to close at 950.70 points.
The index added 0.82 per cent to close at 945.25 points on Wednesday.
More than 111.7 million shares were traded on the southern stock market, worth VND3.3 trillion (US$140 million).
The VN-Index maintained its upward trend thanks to significant support from shares of Vingroup (VIC), Vinhomes (VHM) and Vincom Retail (VRE).
VIC increased 2.5 per cent to VNĐ111,700 per share. VHM increased 1.9 per cent to VNĐ81,500 per share, and VRE rose 2 per cent to VNĐ31,000 per share.
However, selling pressure also increased significantly, pushing many large-cap stocks down including budget carrier Vietjet Air (VJC), VPBank (VPB), HDBank (HDB), Asia Commercial Bank (ACB) and Bank for Investment and Development (BID).
On the Ha Noi Stock Exchange, the HNX Index lost 0.24 per cent to close at 106.24 points with nearly 25 million shares exchanged, worth VND260.9 billion.
The northern market index edged up 0.42 per cent to close at 106.49 points on Wednesday.
Afternoon trading starts at 1pm. – VNS