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RAL recovers, blue chips push market up
Shares rose on Friday morning thanks to the support of large-caps and the recovery of Rạng Đông Light Source and Vacuum Flask JSC (RAL) after sharp fall the previous day.
The VN-Index on the Ho Chi Minh Stock Exchange increased 0.53 per cent to close at 983.73 points. It inched up 0.14 per cent on Thursday to close at 978.59 points.
More than 62 million shares were traded on the southern bourse on Friday, worth nearly VNĐ1.5 trillion (US$64.1 million).
The large-cap VN30-Index gained 0.34 per cent to end at 892.14 points with 19 of the 30 largest stocks by market capitalisation declining.
Twenty stocks in the VN30 basket advanced while only four declined.
Many large-cap stocks gained such as Vietcombank (VCB), increasing by 0.9 per cent to VNĐ77,500 per share, Vinhomes (VHM), up 0.1 per cent to VNĐ86,900 per share, and Kido Group (KDC), soaring 3.5 per cent to VNĐ23,650 per share.
After a fire broke out in its warehouse on Wednesday night, Rạng Đông Light Source and Vacuum Flask JSC (RAL) hit the daily decline limit of 7 per cent on Thursday.
But on Friday morning, RAL recovered and increased by 1.3 per cent to VNĐ83,000 per share.
Insurance, real estate, securities, energy, banking, information and technology, retail, healthcare and pharmaceuticals, agriculture, rubber production, food and beverage, construction and logistics were the sectors that supported the stock market.
The HN-Index on the Ha Noi Stock Exchange climbed 0.70 per cent to 102.65 points on Friday morning.
Nearly 12 million shares were traded on the northern bourse, worth VND172 billion.
The afternoon trading session starts at 1pm.
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