Large-caps lift VN-Index for second day

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Vietnamese shares were mixed on Thursday morning while property developers made strong gains to cushion market sentiment.

The production line at brewer Sabeco (HoSE: SAB). The company was among large-cap stocks that advanced and boosted the stock market  Thursday morning. — Photo vietnamfinance.vn

Vietnamese shares were mixed on Thursday morning while property developers made strong gains to cushion market sentiment.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged up 0.28 per cent to close at 994.41 points.

The VN-Index was up 0.57 per cent on Wednesday.

The HNX-Index on the Ha Noi Stock Exchange dropped 0.15 per cent to end at 104.27 points.

The HNX-Index finished unchanged on Wednesday.

More than 114.5 million shares were traded on the two local exchanges, worth VND2.36 trillion (US$101.6 million).

Real estate firms held the market up in the morning session.

The realty sector index increased by 1.4 per cent, data on vietstock.vn showed.

Leading the property sector were large-cap firms such as Vingroup (VIC), Vinhomes (VHM), Vincom Retail (VRE) and Novaland (NVL). The realty giants also helped boost the large-cap VN30-Index up 0.26 per cent to 885.51 points.

Other large-cap stocks also advanced such as brewer Sabeco (SAB), steel producer Hoa Phat (HPG), retailer Mobile World (MWG) and dairy firm Vinamilk (VNM).

The afternoon trading session starts at 1pm. — VNS

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