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Large-cap lifts market on strong purchasing power
Vietnamese shares advanced on Monday morning as large-cap companies continued progressing on strong purchasing power.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.67 per cent to 894.90 points.
The benchmark fell a total of 1.39 per cent last week.
The southern market was driven by large-cap shares with the blue-chip tracker VN30-Index rising 0.82 per cent to 832.31 points.
Vingroup shares (VIC) were among the top performers, rising 2 per cent.
The company on late Friday said it had no intention to sell its stakes in the medical and educational units.
Other large-cap gainers included VPBank (VPB), Military Bank (MBB), consumer firm Masan (MSN), Sacombank (STB), and carrier Vietjet (VJC).
Small-cap and mid-cap stocks also made gains, pulling the two trackers up 0.61 per cent and 0.72 per cent.
The property sector was also the best-performing industry as it rose 1.7 per cent, according to vietstock.vn.
On the Ha Noi Stock Exchange, the HNX-Index was up 0.59 per cent to 126.95 points.
The northern market index inched up total 0.05 per cent last week.
More than 246.6 million shares were traded on the two exchanges, worth VND3.83 trillion (US$165 million).
The afternoon trading session starts at 1pm.
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