Shares rise higher, led by property and energy

Shares advanced in both local markets on May 12, driven by property developers and energy companies.
Shares rise higher, led by property and energy ảnh 1Illustrative image (Source: doanhnhansaigon.vn)
Hanoi (VNA) - Shares advanced in both local markets on May12, driven by property developers and energy companies.

The benchmark VN Indexon the HCM Stock Exchange was up 0.05 percent to close at 725.37 points. Thecountry’s key market index has rallied total 0.9 percent after the last foursessions.

The HNX Index on theHanoi Stock Exchange gained 0.54 percent to end at 90.39 points, reversing atwo-day decline of 0.5 percent.

The VN Index hasincreased by total 0.7 percent and the HNX Index by 0.8 percent compared to theprevious week’s levels.

More than 242.6 millionshares were exchanged on both local bourses, worth nearly 5.2 trillion VND (230.6million USD).

Large-cap stocks weremixed with half of the 30 largest companies by market capitalisation rising,including steelmaker Hoa Sen Group (HSG), dairy producer Vinamilk (VNM),insurance finance group Bao Viet Holdings (BVH) and DHG Pharmaceutical (DHG).

Other sectors that sawcompanies’ share prices move forward included Real estate and energyindustries, garment and textile, plastic production, food and beverage,information and technology and retail.

On the opposite side,banks, securities firms and rubber producers fell on profit-taking andprevented the market from rising higher.

Two-thirds of the ninelisted banks lost steam, including MBBank (MBB), Sacombank (STB), Vietcombank(VCB) and Sai Gon-Hanoi Bank (SHB).

Among brokerage firms,losses were found in Sai Gon Securities (SSI), MB Securities (MBS), Bao VietSecurities (BVS) and BIDV Securities (BSI). - VNA
VNA

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