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Oil, gas stocks help extend market rally
Oil and gas continued their uptrend this morning, which helped to lift the VN-Index by another 0.44 per cent to close at 566.97 points.
In HCM City, PetroVietnam Drilling and Wells Service Corp hit the ceiling price, while the largest stock in terms of market capitalisation rose by just 0.5 per cent.
The market condition was positive, with the gainers outnumbering the losers by 104 to 82, while 122 codes remained flat.
Blue chips also performed well, as evident from a 0.56 per cent rise of the VN30, the tracker of the top 30 shares by market value and liquidity, to end the morning at 594.06 points.
Liquidity improved compared with yesterday morning, with more than 56 million shares worth VND1.04 trillion (US$48.2 million) being traded, up 40 per cent over yesterday morning's session.
With the good business performance in 2014 being reported this morning, auto dealer Hoang Huy Investment Services Co (HHS) rose to be the most active code with 5.9 million of its shares being traded. Its price grew 3.2 per cent to stand at VND19,500 ($0.90) per share.
On the Ha Noi Stock Exchange, the HNX-Index inched down 0.02 per cent to end at 83.02 points, with a market turnover of VND464.4 billion ($21.5 million).
Nine stocks saw trading of more than one million shares here.
Metal producer Thien Quang Group (ITQ) led the trading, with 2.8 million of its shares being exchanged, closely followed by KLF Joint Venture Global Investment Co (KLF) with 2.4 million shares traded.
The afternoon session will begin at 1pm.
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