Vietnamese shares advanced on March 4 with the strong growth of large-cap stocks such as Vingroup (VIC), Vinhome (VHM), PV Gas (GAS), Vinamilk (VNM), and Vincome Retail (VRE).
Vietnamese shares advanced on March 4 with the strong growth of large-cap stocks. (Photo: VNA)
Hanoi (VNA) – Vietnamese shares advanced on March 4 with the stronggrowth of large-cap stocks such as Vingroup (VIC), Vinhome (VHM), PV Gas(GAS), Vinamilk (VNM), and Vincome Retail (VRE).
The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) edged up 14.36 points toclose the trading day at 993.99 points. More than 235 million shares weretraded on the bourse at over 5.03 trillion VND (215.97 million USD).
There were 230 advancers and 94 decliners.
Meanwhile, on the Hanoi Stock Exchange, the HNX-Index rose 1.27 points to closeat 108.53 points. Some 54 million shares were sold on the northern bourse witha value of more than 695.7 billion VND (29.87 million USD).
VIC closed its trading day at 117,400 VND (5.04 USD) per share, up 2 percent;VHM hit 93,200 VND (4 USD) per share, up 2.4 percent; GAS at 103,000 VND (4.42USD), up 3 percent; VNM at 142,900 VND (6.14 USD), up 1.1 percent; and VRE at 35,350VND (1.52 USD) per share, up 1 percent.
Meanwhile, green margins dominated banking stocks, with Vietcombank (VCB),Vietinbank (CTG), BIDV (BID), Military Bank (MBB), and Techcombank (TCB) risingby 1 percent, 1.9 percent, 2.3 percent, 1.6 percent, and 1.5 percent,respectively.
Strong growth was witnessed in oil and gas as well as financial service groups,with the highest expansion seen in PetroVietnam Drilling Mud (PVC) at 8 percentand PetroVietnam Drilling and Well Services (PVD) by 5.4 percent.
Foreign investors remained net sellers at the beginning of the week, recordingmore than 137 billion VND (5.88 million USD) in value by selling 1.4 millionshares on the HoSE.
Meanwhile, on the HNX, foreign players net sold over 1.4 million shares worth4.23 billion VND (181,600 USD). –VNA
Vietnamese shares are forecast to rise at a slower pace over the last two weeks of the year amid worries about volatile global markets and falling domestic purchases despite the upcoming quarterly earnings season.
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Vietnamese shares advanced on March 4 with the strong growth of large-cap stocks.
