VN stocks up on election news

Thursday, Nov 08, 2018 12:45

The benchmark VN Index advanced on Thursday morning as investors were upbeat after Asian shares reacted positively to the US mid-term elections. — Photo

Vietnamese shares responded positively to the US mid-term elections, ending the Thursday morning session on a positive note.

The benchmark VN Index on the Ho Chi Minh Stock Exchange gained 0.51 per cent to end at 926.88 points.

The southern market index moved little on Wednesday.

The HNX Index on the Ha Noi Stock Exchange was up 0.67 per cent to close at 104.89 points.

The northern market index lost 0.34 per cent in the previous day.

More than 104.5 million shares were traded on the two exchanges, worth VND1.75 trillion (US$77.6 million).

Market sentiment was positive as investors had a good reaction to the US mid-term elections, in which the Democrats won control of the House of Representatives over the Republicans.

Analysts said the victory would make it harder for US president Donald Trump to issue future policies.

Asian shares advanced in the morning trade, having a positive impact on Vietnamese stocks.

The large-cap VN30 Index was up 0.38 per cent to 902.69 points at the of the morning session.

Nineteen of the 30 largest stocks by market capitalisation in the VN30 basket advanced.

The market breadth was positive as the number of stocks that gained doubled that of decliners across the market, 244 to 119.

The afternoon trading session starts at 1pm. — VNS

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