Shares rise following world market rally

Friday, Apr 17, 2020 12:17

A trader looks at computer screen showing stock indices. The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.85 per cent to close morning trading at 787.37 points. — Photo tinnhanhchungkhoan.vn 

HÀ NỘI — Vietnamese shares roses on Friday morning, following Wall Street's lead overnight after results of positive signs in the country’s containment progress against the novel coronavirus.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.85 per cent to close morning trading at 787.37 points.

The benchmark VN-Index had gained 0.45 per cent to end Thursday at 780.70 points.

Nearly 175.8 million shares were traded on the southern exchange, worth VND2.8 trillion (US$119.4 million).

The large-cap tracker VN30-Index climbed 0.83 per cent to close Friday morning at 732.59 points.

In the VN30 basket, 24 of the 30 largest stocks by market capitalisation and trading liquidity increased, while six declined.

On the US market, the Dow Jones Industrial Average rose 33.33 points, or 0.14 per cent, to 23,537.68, the S&P 500 gained 16.19 points, or 0.58 per cent, to 2,799.55 and the Nasdaq Composite added 139.19 points, or 1.66 per cent, to 8,532.36.

According to Reuters, a number of seriously ill COVID-19 patients are responding positively to remdesivir, an experimental drug being developed by Gilead Sciences Inc, an American biotechnology company that focuses primarily on antiviral drugs.

The closures in New York were extended until May 15 even as coronavirus-related hospitalisations and deaths fell to their lowest in more than a week.

In Việt Nam, no new infections have been reported in the last 24 hours.

The HNX-Index on the Ha Noi Stock Exchange moved up 1.15 per cent to close Friday morning at 110.00 points.

The northern market index had edged up 0.38 per cent to close Thursday at 108.75 points.

More than 31.9 million shares were traded on the northern bourse, worth VND325.8 billion. — VNS

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