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VN-Index reaches close to 900 points
The benchmark VN-Index surpassed 900 points this morning before falling to 897.33 points, up 0.75 per cent, by the end of Monday's morning trade under profit-taking pressure.
Overall market condition was negative on the HCM Stock Exchange with 136 stocks declining, 121 advancing and 89 remaining unchanged.
The upturn was driven by growth of some individual stocks, including VinGroup (VIC), which hit the daily limit rise of seven per cent, and Vinamilk (VNM), up 0.6 per cent. They were among the top 10 largest stocks by market value and liquidity on the southern bourse.
Binh Minh Plastics (BMP) increased 1.6 per cent on information that the State Capital Investment Corporation (SCIC) will auction its stake in the firm in December.
PV Gas (GAS), the largest listed energy stock, rose 1.2 per cent thanks to positive movement on the global oil markets.
On the Ha Noi Stock Exchange, without support of large-cap stocks, the HNX-Index dropped 0.39 per cent to 107.89 points in morning trade.
A total of 133 million shares worth over VND2.8 trillion (US$125.3 million) were traded on the two markets.
The afternoon session starts at 1pm.
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