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Shares increase on cash flow
Shares extended gains on Wednesday morning thanks to increasing buying demand during the trading session.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.80 per cent to close at 972.07 points.
The southern market index edged up 0.32 per cent to close trade at 964.35 points on Tuesday.
More than 95 million shares were traded on the southern bourse, worth VND2.1 trillion (US$91.4 million).
Other large-cap stocks also performed well, boosting the blue-chip VN30 Index 0.57 per cent to 913.00 points.
Twenty of the 30 largest stocks by market capitalisation in the VN30 basket advanced while 9 declined.
Notably, Vinhomes (VHM) received strong demand, hitting the ceiling price of VND151,900 per share during the session. However, the correcting pressure on the general market was so high that this stock could not maintain the ceiling price until the end of the session but still gained 6.1 per cent to VND87,000 per share. Besides, Vingroup (VIC) also gained by 2 per cent to VND116,000 per share.
On the opposite side, many other large-cap stocks adjusted such as Veitcombank (VCB), Petro Vietnam Gas JSC (GAS), Bank for Investment and Development (BID), Viet Nam National Petroleum Group (PLX) and Vietinbank (CTG). VCB fell 1.7 per cent, GAS decreased 1.2 per cent and PLX decreased 2.2 per cent.
The HNX-Index on the Ha Noi Stock Exchange lost 0.24 per cent to end at 106.46 points.
The northern market index decreased 0.59 per cent to close at 106.21 points on Tuesday.
Nearly 19 million shares were traded on the northern bourse, worth VND232 billion.
The afternoon trading session starts at 1pm.
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