VN-Index inches close to 1,300 threshold

Monday, Jun 06, 2022 12:27

The market rose on Monday morning, boosted by bank, energy and oil stocks.

On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index jumped 10.67 points, or 0.83 per cent, to end the morning trade at 1,298.65 points.

The market breadth was positive with more stocks increasing.

Liquidity was also higher than in the previous session, of which more than VND8 trillion (US$348.9 million) was poured into the southern bourse, equal to a trading volume of nearly 265.6 million shares.

However, foreign investors were net sellers in the morning session after net selling a value of around VND140 billion on HoSE.

The VN30-Index, tracking the 30 biggest stocks on HoSE, also climbed 5.66 points, or 0.43 per cent, to 1,333.06 points.

On the Ha Noi Stock Exchange (HNX), the HNX-Index also edged higher, up 1 point, or 0.32 per cent, to 311.48 points.

The rallies were driven by strong gains in bank and oil stocks.

Vietcombank (VCB) led the market uptrend this morning, up 2.71 per cent, followed by PV Gas (GAS) with a rise of nearly 4 per cent.

Other energy stocks contributing to the upward momentum were Petrolimex, PetroVietnam Technical Services Corporation (PVS), and PV Power (POW), all with gains of at least 3.2 per cent.

Many pillar stocks also witnessed a good performance, such as Vietnam Rubber Group (GVR) up 2.4 per cent, Sabeco (SAB), up 1.16 per cent, and Phu Nhuan Jewelry (PNJ) up 3.33 per cent. VNS

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