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VIC, VNM lift VN-Index
The VN-Index rose 0.52 per cent to close Thursday’s morning trade at 864.19 points on the HCM Stock Exchange, a new 10-year peak, following strong growth of some major stocks.
VinGroup (VIC), Viet Nam’s largest private real estate developer, soared 6.7 per cent, while the biggest stock by market value Vinamilk (VNM) increased 1.7 per cent.
Other substantial gainers included Mobile World Group (MWG), insurer Bao Viet Holdings (BVH), Binh Minh Plastics (BMP) and Refrigerator Electrical Engineering (REE) advanced between 1.2 and 3.5 per cent each.
Divergence was remarkable, however, with 13 stocks on the VN30 (which tracks the top 30 largest shares by market value and liquidity on the HCM Stock Exchange) rising and 14 declining.
Overall market condition was neutral with losing stocks almost equaling gaining stocks (129-126) and 91 remained unchanged.
On the Ha Noi Stock Exchange, the HNX-Index was also up 0.47 per cent at 106.24 points.
A total of 98 million shares worth a combined VND2.6 trillion (US114.5 million) were traded on the two markets.
Afternoon trade starts at 1pm.
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