Some large-cap stocks slumped and pulled down the market on Friday. — Photo vneconomy.vn
The VN-Index bounced into positive territory on Friday morning, driven by the recovery of oil and steel shares.
On the HCM Stock Exchange, the VN-Index rose 0.4 per cent to 703.1 points.
PV Gas (GAS) and PetroVietnam Drilling and Wells Service (PVD) advanced following two days of declines, up 1.7 per cent and 2.8 per cent, respectively.
Steelmakers Hoa Phat Group (HPG) and Hoa Sen Group (HSG) increased slightly after a brief fall on Thursday.
Overall market condition was positive with 127 stocks rising, 101 decreasing and 96 unchanged.
Some large-cap stocks slumped and pulled down the market, including VinGroup (VIC), Vietcombank (VCB), Vinamilk (VNM) and Masan Group (MSN).
Over 76 million shares worth VND1.7 trillion (US$75.2 million) were traded on the southern market.
On the Ha Noi Stock Exchange, the HNX-Index gained 0.6 per cent to 86.1 points, with 31.3 million shares worth VND326 billion exchanged.
Afternoon trade starts at 1pm. – VNS