Shares of VN30 sustain the market

Rising momentum came from members of the VN30 (tracking the top 30 shares by market capitalisation and liquidity) such as steelmaker Hoa Phat Group (HPG), Southern Rubber Industry Co (CSM) and Masan Group (MSN) which climbed over 2 per cent each. Photo vietstock.vn

HA NOI (Biz Hub) — Fuel-price hike on Wednesday drove shares down in the early morning but gains of some heavyweight shares again sustained the market.

On the HCM City Stock Exchange, the benchmark VN-Index increased 0.15 per cent to stand at 498.26 points despite the decliners outnumbering advancers by 94-62.

Dairy giant Vinamilk (VNM) also rose 0.7 per cent to VND141,000 (US$6.71)

The VN30 was up 0.2 per cent to reach 552.49 points.

Market volume by the end of the morning surpassed the total value of yesterday's session, reaching nearly VND988 billion ($47 million).

Property developer VinGroup (VIC) was the most active code. Nearly 3.5 million shares changed hands at VND63,500 ($3.02) a share.

On the Ha Noi Stock Exchange, the HNX-Index swayed between losses and gains and closed the morning off 0.32 per cent at 63.05 points.

Trading was still sluggish with just 13 million shares worth VND99.3 billion ($4.7 million) exchanged.

Shares of another property company Sacomreal (SCR) claimed the position of the most active share in the northern market this morning on trades of nearly 1.68 million shares valued at VND7,1000 each. — VNS