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VN shares gain on both exchanges
Vietnamese shares rose this morning on both local exchanges, led by the largest stocks.
The benchmark VN Index on the HCM Stock Exchange gained 0.6 per cent to close at 570.10 points, and the HNX Index on the Ha Noi Stock Exchange inched up 0.1 per cent to end at 78.80 points.
Blue chips, such as Vinamilk (VNM), Masan Group (MSN), Bao Viet Holdings (BVH) and Vietcombank (VCB), continued to make gains during the morning session.
VNM gained 0.8 per cent, MSN rose 1.5 per cent, and BVH and VCB were up nearly one per cent each this morning.
Other large firms that contributed to the market's improvement included PetroVietnam Gas Corporation (GAS), Vingroup JSC (VIC), the Bank for Investment and Development of Vietnam (BID) and Vietinbank (CTG), which gained 0.8 per cent, 0.5 per cent and 2.4 per cent, respectively.
FLC Group (FLC) was the most active stock on the market with more than 3.2 million of its shares being traded. FLC ended flat this morning.
However, investors remained cautious as the foreign exchange rate between the Vietnamese dong and the American dollar has not changed.
That cautiousness resulted in low market liquidity. Both local exchanges traded more than 62.6 million shares, worth nearly VND932 billion (US$41.4 million).
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