The VNIndex came close to its one-year high, moving up 632 points this morning. — Photo cafe.vn

HA NOI (Biz Hub) — The VNIndex came close to its one-year high, moving up 632 points this morning.

The index rose 7.4 points, or 1.11 per cent, to more than 631.59 points with 140 gainers and 59 losers on the southern bourse and a trading value of VND1.53 trillion (US$68.4 million).

Contributors to the session were agreement transactions of VND77 billion with MWG, VND92 billion with VNM and VND47 billion with LGC.

Steel stocks led by HPG, HSG, VGS and NKG rose sharply. HPG increased 2.2 per cent to reach its highest in one year, while HSG rose 5.4 per cent to climb to its highest price since being listed.

Meanwhile, brent oil price officially reached over US$ 50 per barrel to its highest in three months, leading to a rally in local oil and gas stocks PVI, PVS and VCG.

Since the start of trading this morning, large-cap stocks, such as VNM, CTG and BVH, maintained gains. Banks stocks were of no exception with most gainers. Vietcombank(VCB) rose 1 per cent while foreigners bought close to 850,000 MBB shares.

In the north, the HNX-Index also rose 0.72 points to 83.92 points. Trading value reached VND578 billion.

On the HNX, VCG, SCR and PVS were the leaders in terms of volume. Property stocks made good gains with cash pouring into SCR, which rose by VND100 to reach VND 9,900 per share.

Total trading volume reached 123 million shares on the two bourses worth VND2 trillion. — VNS