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Shares advance on strong cash flow
Shares gained on Monday morning thanks to a strong injection of cash flow into a series of sectors.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 1.36 per cent to end the morning session at 1,118.86 points.
More than 426.5 million shares were traded on the southern bourse, worth VND8.9 trillion (US$385.6 million).
The large-cap tracker VN30-Index was up 1.75 per cent to 1,089.53 points.
All 30 of the 30 large-cap stocks in the VN30 basket increased.
A number of blue-chips attracted cash flow such as insurer Bảo Việt Holdings (BVH), steel maker Hoà Phát Group (HPG), Masan Group (MSN), Vingroup (VIC), Vinamilk (VNM), Vietnam National Petroleum Group (PLX), Vincom Retail (VRE), Phú Nhuận Jewelry (PNJ), Vinhomes (VHM) and Mobile World Group (MWG).
Banking group also rallied with Vietcombank (VCB), Bank for Investment and Development of Vietnam (BID) and Techcombank (TCB) all gaining.
On the Ha Noi Stock Exchange, the HNX-Index rose 1.28 per cent to 205.73 points.
More than 69 million shares were traded on the northern market, worth VNĐ907 billion.
The afternoon trading session starts at 1pm.
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