Illustrative image (Source: VNA)Hanoi (VNA) - Shares ended the last trading session of the year onDecember 30 on a positive note on both local bourses, driven by increasingdemand for large-cap stocks during the closing period of the day.
Thebenchmark VN Index on the HCM Stock Exchange closed slightly up at 664.87points, totaling a two-day gain of 0.2 percent.
TheHNX Index on the Hanoi Stock Exchange finished at 80.12 points, up 0.7 percentfrom the previous day and 1.6 percent since December 27.
Thesouthern market index has risen 14.8 percent since December 31, 2015, while thenorthern market index remained nearly flat after one year.
Markettrading liquidity surged from the previous sessions of the last trading weekwith more than 154 million shares being traded across the two bourses, worth 3.24trillion VND (144 million USD).
Thatincluded more than 43.3 million shares, worth 1.13 trillion VND, which weretraded via put-through transactions.
Thestock market remained negative and quiet most of the time during the lasttrading session, but investors’ strong demand boosted large-cap stocks in theAt The Close Order (ATC) period.
Amongthe 10 largest shares by market capitalisation, seven advanced, including SaigonBeer-Alcohol-Beverage Corp (SAB), property developer and retailer Vingroup(VIC), private equity firm Masan Group (MSN) and Faros Construction Corp (ROS).
SABgained 0.4 percent, VIC inched up 0.2 percent, MSN rose 1.4 percent and ROSincreased by 1 percent.
Theenergy sector also contributed to the market’s gains after oil prices rosehigher on confidence for a production cut that could begin in early 2017.
Amonglocal energy stocks, PetroVietnam Gas Corp (GAS) added 1.5 percent,PetroVietnam Drilling and Well Services Corp (PVD) and PetroVietnam TechnicalServices Corp (PVS) advanced 2.5 percent each.
Thebanking sector was the worst hit among 20 industries on the stock market, asthe Bank for Investment and Development of Vietnam (BID) and Eximbank (EIB)dropped 0.7 percent and 6.2 percent, respectively, while Vietcombank (VCB),Asia Commercial Bank (ACB) and Saigon-Hanoi Bank (SHB) ended flat.
Thefood and beverage industry was driven down by dairy producer Vinamilk (VNM),which fell 2.3 percent. The stock suffered from profit-taking after increasingby 5 percent in the previous three sessions.-VNA
Thebenchmark VN Index on the HCM Stock Exchange closed slightly up at 664.87points, totaling a two-day gain of 0.2 percent.
TheHNX Index on the Hanoi Stock Exchange finished at 80.12 points, up 0.7 percentfrom the previous day and 1.6 percent since December 27.
Thesouthern market index has risen 14.8 percent since December 31, 2015, while thenorthern market index remained nearly flat after one year.
Markettrading liquidity surged from the previous sessions of the last trading weekwith more than 154 million shares being traded across the two bourses, worth 3.24trillion VND (144 million USD).
Thatincluded more than 43.3 million shares, worth 1.13 trillion VND, which weretraded via put-through transactions.
Thestock market remained negative and quiet most of the time during the lasttrading session, but investors’ strong demand boosted large-cap stocks in theAt The Close Order (ATC) period.
Amongthe 10 largest shares by market capitalisation, seven advanced, including SaigonBeer-Alcohol-Beverage Corp (SAB), property developer and retailer Vingroup(VIC), private equity firm Masan Group (MSN) and Faros Construction Corp (ROS).
SABgained 0.4 percent, VIC inched up 0.2 percent, MSN rose 1.4 percent and ROSincreased by 1 percent.
Theenergy sector also contributed to the market’s gains after oil prices rosehigher on confidence for a production cut that could begin in early 2017.
Amonglocal energy stocks, PetroVietnam Gas Corp (GAS) added 1.5 percent,PetroVietnam Drilling and Well Services Corp (PVD) and PetroVietnam TechnicalServices Corp (PVS) advanced 2.5 percent each.
Thebanking sector was the worst hit among 20 industries on the stock market, asthe Bank for Investment and Development of Vietnam (BID) and Eximbank (EIB)dropped 0.7 percent and 6.2 percent, respectively, while Vietcombank (VCB),Asia Commercial Bank (ACB) and Saigon-Hanoi Bank (SHB) ended flat.
Thefood and beverage industry was driven down by dairy producer Vinamilk (VNM),which fell 2.3 percent. The stock suffered from profit-taking after increasingby 5 percent in the previous three sessions.-VNA
VNA
