VN-Index bounces back on large-cap stocks

Wednesday, Dec 25, 2019 12:40

An investor checks share prices on his laptop. — Photo

Viet Nam’s benchmark VN-Index inched up on Wednesday morning, driven by large-cap companies.

The VN-Index on the Ho Chi Minh Stock Exchange rose 0.10 per cent to close at 959.84 points.

The benchmark slid 0.06 per cent on Tuesday.

More than 136 million shares were traded on the southern bourse, worth VND2.27 trillion (US$98 million).

Large-cap companies were the driving factor of the southern exchange in the early trading.

The large-cap VN30-Index gained 0.21 per cent to stand at 871.74 points.

In the VN30 basket, 16 of the 30 largest stocks by market value and trading liquidity increased while 12 declined.

Among gainers were construction firm Coteccons (CTD), private-equity consumer group Masan (MSN), tech group FPT (FPT) and retailers Mobile World Investment (MWG) and Phu Nhuan Jewellery JSC (PNJ).

Bank shares also progressed to lift the market such as Military Bank (MBB), Vietcombank (VCB), Vietinbank (CTG) and VPBank (VPB).

On the Ha Noi Stock Exchange, the HNX-Index fell 0.16 per cent to end at 102.28 points.

The northern market index was up 0.10 per cent on Tuesday.

More than 26.4 million shares were traded on the northern market, worth VND434.3 billion.

The afternoon trading session starts at 1pm. — VNS

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