VN stocks up with rebounding oil prices

tohang

Vietnamese shares rose on both local bourses this morning, led by energy stocks, after oil prices rebounded yesterday.

The benchmark VN Index on the HCM Stock Exchange gained 0.8 per cent to close at 543.40 points. — Photo vnexpress.net

HA NOI (Bizhub) — Vietnamese shares rose on both local bourses this morning, led by energy stocks, after oil prices rebounded yesterday.

The benchmark VN Index on the HCM Stock Exchange gained 0.8 per cent to close at 543.40 points and the HNX Index on the Ha Noi Stock Exchange was up 0.6 per cent to end at 76.29 points.

Meanwhile, US benchmark crude West Texas Intermediate (WTI) yesterday jumped 8 per cent to close trading at US$32.28 per barrel, while London-traded Brent crude surged 7.1 per cent to close at $35.04 per barrel.

This morning, the energy sector index gained 1.4 per cent, led by PetroVietnam Drilling and Well Services Corporation (PVD), which was up 2.7 per cent, and PetroVietnam Technical Services Corporation (PVS), which gained 2.2 per cent.

Financial firms also made gains. Vietcombank (VCB) rose 1.8 per cent, insurer Bao Viet Holdings (BVH) increased 1 per cent, and Sai Gon Securities Incorporate (SSI) added 0.5 per cent.

FLC Group (FLC) was the most active stock, with more than 2.9 million shares traded. FLC rose 1.6 per cent this morning.

Additionally, market liquidity declined sharply, compared to previous sessions. Investors traded more than 44 million shares valued at VND665 billion ($29.6 million). — VNS

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