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VN-Index inches closer to 1,200-point level
The market was mixed on Thursday morning as the VN-Index continued to rise on bank stocks while the HNX-Index dropped.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) climbed 9.41 points, equivalent to 0.79 per cent, to 1,195.5 points. The market's liquidity was still high as over 479.3 million shares were traded on the southern market, worth nearly VND11.4 trillion.
The gain in large-cap stocks was the driving force for the market's rally. The VN30-Index increased nearly 10 points, equivalent to 0.83 per cent, to 1,203.35 points.
Twenty of the 30 biggest stocks in market value edged higher, while only eight declined. Banking stocks contributed most for the gain.
Of the top five stocks influencing the market trend, four were in banking sectors. These stocks were JSC Bank For Investment And Development of Viet Nam (BID), Vietcombank (VCB), Techcombank (TCB) and Vietinbank (CTG).
Other big stocks posting good performance this morning were Vietnam Dairy Products SJC (Vinamilk, VNM), Vietnam Airlines JSC (VNM) and Vingroup JSC (VIC). These stocks gained 0.67 - 4.55 per cent.
On the Ha Noi Stock Exchange (HNX), the HNX-Index decreased by 0.4 per cent to 275.44 points, despite the gain of 0.59 per cent of the HNX30-Index that tracks the 30 biggest stocks in the northern market.
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