VN-Index extends gains despite VIC, VNM slump

Wednesday, Nov 22, 2017 12:45

The benchmark VN-Index on the HCM Stock Exchange still increased 0.75 per cent to 925.16 points during Wednesday’s morning. — Photo

VinGroup and Vinamilk declined, however the VN-Index still increased 0.75 per cent to 925.16 points during Wednesday’s morning trade thanks to the united growth of most VN30 stocks.

Twenty-seven stocks of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange advanced and only six slumped.

The top gainers were the six listed lenders on the southern bourse, which gained value, of which the Big Three – Vietcombank, Vietinbank and BIDV – rose 1.9 per cent, 3.1 per cent and 5 per cent, respectively.

Other substantial market supporters included Bao Viet Holdings (BVH), up 3.5 per cent; Masan Group (MSN), up 2.2 per cent; PV Gas (GAS), up 2.5 per cent; and Mobile World Group (MWG), up one per cent.

Brewer Sabeco (SAB) extended gains for the third day, up 3.4 per cent this morning, in anticipation of its upcoming roadshows in Singapore and London at the end of this month.

On the defensive side, VinGroup (VIC) and Vinamilk (VNM) stepped down under high profit-taking pressure following a long rally. Both shares dropped over three per cent this morning.

On the Ha Noi Stock Exchange, the HNX-Index also recovered 0.18 per cent following a two-day loss, closing at 108.21 points.

Liquidity continued to improve with a total of 150 million shares worth a combined VND4.5 trillion (US$197.4 million) traded on the two markets.

Afternoon trade starts at 1pm. — VNS

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