Vietnamese shares extend gains despite slumps in Asian markets

Thursday, Sep 13, 2018 12:10

Big banks like Vietcombank (VCB), BIDV (BID), Vietinbank (CTG), Techcombank (TCB) and Military Bank (MBB) gained between 0.4-1.3 per cent. — Photo

Vietnamese shares extend their gains on the two national stock exchanges on Thursday morning despite widespread slumps in other Asian markets.

On the Ho Chi Minh Stock Exchange, the VN-Index edged up 0.27 per cent to close at 989.70 points.

On the Ha Noi Stock Exchange, the HNX-Index increased 0.47 per cent to stand at 112.18 points.

Banking and oil and gas stocks continued to support the market.

Except Petrolimex (PLX), which dropped 0.1 per cent under rising profit-taking pressure, major oil and gas companies including PV Gas (GAS), PetroVietnam Drilling and Wells Service (PVD) and PetroVietnam Coating (PVB) maintained the uptrend.

PVB hit the ceiling growth of 10 per cent on the Ha Noi Stock Exchange while GAS and PVD rose by 1.4 per cent and 2.5 per cent.

Some shares which climbed strongly in the previous session were under selling pressure and lost, including Vinamilk (VNM), budget airline Vietjet (VJC) and Vingroup (VIC).

A total of 122 million shares worth a combined VND2.4 trillion (US$101 million) were exchanged during the session.

The afternoon session will start at 1pm. – VNS

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