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Stocks rise after Federal Reserve meeting
Vietnamese shares rose this morning over Wednesday's gains, as investor confidence improved following the American central bank's meeting.
The benchmark VN Index on the HCM Stock Exchange and the HNX Index on the Ha Noi Stock Exchange added 0.9 per cent each to close at 582.43 points and 80.69 points, respectively.
Investor confidence improved after the American central bank decided to keep its interest rates unchanged and signalled one or two rate hikes for this year.
Brokerage firms, insurance companies and property developers led the market rise.
Among securities and insurance companies, Bao Viet Holdings (BVH) gained 1.8 per cent, BIDV Insurance Corporation (BIC) was up 2.4 per cent, HCM City Securities Corporation (HCM) leaped 1.2 per cent, and VNDirect Securities Corporation (VND) rose 1.6 per cent.
Additionally, property companies such as FLC Group (FLC), Tan Tao Investment Industrial JSC (ITA) and Vingroup JSC (VIC) made good gains.
Energy stocks also edged up after oil prices jumped during Wednesday's trading session.
PetroVietnam Gas Corporation (GAS), PetroVietnam Drilling and Well Service Corporation (PVD) and PetroVietnam Technical Service Corporation (PVS) jumped 5.5 per cent, 4.3 per cent and three per cent, respectively.
Both local markets traded nearly 130.5 million shares, worth VND1.75 trillion (US$77.9 million).
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