Stocks rally on global developments

Thursday, Jul 04, 2019 12:51

A number of large-caps gained ground and contributed to pull up the indexes on Thursday morning. — Photo

Vietnamese shares rebounded on Thursday morning, following positive movements on global markets.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.95 per cent to close at 969.48 points.

The HNX-Index on the Ha Noi Stock Exchange climbed 0.57 per cent to end at 104.27 points.

The VN-Index had lost 0.28 per cent and the HNX-Index had risen 0.44 per cent on Wednesday.

More than 113.6 million shares were traded on the two local exchanges, worth nearly VNĐ2.2 trillion (US$95 million).

US stocks rallied on overnight trading with the Dow Jones, Nasdaq and S&P 500 all rising amid expectations that the Fed will cut interest rates.

The Dow Jones increased 179.32 points, or 0.67 per cent, to 26,966 points, the S&P 500 climbed by 22.79 points, equivalent to 0.77 per cent, to 2,995.8 points and the Nasdaq rose 61.14 points, or 0.75 per cent, to 8,170.23 points.

On the domestic market, several large-caps gained ground and contributed to pull up the indexes. In particular, Vietcombank (VCB) increased by 1.9 per cent to VND70,900 per share. PetroVietnam Power Corporation (POW) rose by 1.2 per cent to VND14,900 per share.

The VN30-Index increased by 1.01 per cent to close at 878.37 points.

Afternoon trading starts at 1pm. — VNS

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