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VN stocks advance on real estate, rubber firms
Vietnamese shares rose on Wednesday morning, boosted by the positive moves of real estate and rubber stocks.
The benchmark VN Index on the HCM Stock Exchange advanced 0.66 per cent to close at 1,196.17 points. It fell 0.7 per cent on Tuesday.
The HNX Index on the Ha Noi Stock Exchange edged up 0.35 per cent to end at 136.10 points, extending gains from a 0.2 per cent growth on Tuesday.
The nearly 167 million shares were traded on the two local bourses, worth VND5.18 trillion (US$230.2 million).
Property developers and rubber companies were among the best performers on Wednesday morning. The two sector indices gained 3.7 per cent and 2.4 per cent, data on vietstock.vn showed.
The real estate sector was driven up by the strong gains of HCM City Infrastructure Investment JSC (CII) and Vingroup (VIC).
CII soared 7 per cent after the company announced it would buy back two million treasury shares between April 24 and May 24.
Rubber companies that saw share prices rise included the Southern Rubber Industry JSC (CSM) and Da Nang Rubber JSC (DRC), which grew 2.8 per cent and 2.6 per cent.
Other gaining sectors included insurance-finance, food and beverage, construction, retail and seafood production.
On the Unlisted Public Company Market (UPCoM), the UPCOM Index inched up 0.10 per cent to end at 60.51 points.
The afternoon trading session starts at 1pm.
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