Illustrative image (Source: chungkhoanviet.info)Hanoi (VNA) - Shares rebounded on the two local exchanges on November 21,lifted by energy stocks on increasing expectations of a short-term output curbagreement between oil producers.
Thebenchmark VN Index on the HCM Stock Exchange and the HNX Index on the HanoiStock Exchange inched up 0.2 percent each to close at 674.29 points and 80.75points, respectively.
TheVN Index had fallen 0.2 percent in the previous two sessions and the HNX Indexhad dropped 0.6 percent over the same period.
Theenergy industry was among the best performers after analysts and investors wereoptimistic that the Organisation of Petroleum Exporting Countries (OPEC) andother oil exporters could reach an agreement at their month-end meeting toresolve the global glut.
Amonglocal energy producers, PetroVietnam Gas Corp (GAS) recovered from early lossesto end up 0.1 percent, PetroVietnam Drilling and Well Services Corp (PVD)increased by 2.8 percent and PetroVietnam Technical Services Corp (PVS) edgedup 0.6 percent.
Steelmakerscontinued their good form after China decided to shut down more steel andcement plants in the province of Hubei from now to the end of this year toreduce emissions by 10 percent.
Topsteel producers such as Hoa Phat Group (HPG), Hoa Sen Group (HSG) and Tien Len SteelJSC (TLH) rose 1.7 percent, 4.5 percent and 6.7 percent, respectively.
Dairyfirm Vinamilk (VNM), the largest listed company by market capitalisation, wasup 0.9 percent after the State Capital Investment Corporation announced itwould auction off more than 130 million Vinamilk shares next month.
The market also saw Airports Corporation of Vietnam (ACV) being traded on theUnlisted Public Company Market (UPCoM) with the code ACV. ACV closed up 40 percent.
Morethan 136 million shares were traded on November 21, worth 2.4 trillion VND (106.8million USD).-VNA
Thebenchmark VN Index on the HCM Stock Exchange and the HNX Index on the HanoiStock Exchange inched up 0.2 percent each to close at 674.29 points and 80.75points, respectively.
TheVN Index had fallen 0.2 percent in the previous two sessions and the HNX Indexhad dropped 0.6 percent over the same period.
Theenergy industry was among the best performers after analysts and investors wereoptimistic that the Organisation of Petroleum Exporting Countries (OPEC) andother oil exporters could reach an agreement at their month-end meeting toresolve the global glut.
Amonglocal energy producers, PetroVietnam Gas Corp (GAS) recovered from early lossesto end up 0.1 percent, PetroVietnam Drilling and Well Services Corp (PVD)increased by 2.8 percent and PetroVietnam Technical Services Corp (PVS) edgedup 0.6 percent.
Steelmakerscontinued their good form after China decided to shut down more steel andcement plants in the province of Hubei from now to the end of this year toreduce emissions by 10 percent.
Topsteel producers such as Hoa Phat Group (HPG), Hoa Sen Group (HSG) and Tien Len SteelJSC (TLH) rose 1.7 percent, 4.5 percent and 6.7 percent, respectively.
Dairyfirm Vinamilk (VNM), the largest listed company by market capitalisation, wasup 0.9 percent after the State Capital Investment Corporation announced itwould auction off more than 130 million Vinamilk shares next month.
The market also saw Airports Corporation of Vietnam (ACV) being traded on theUnlisted Public Company Market (UPCoM) with the code ACV. ACV closed up 40 percent.
Morethan 136 million shares were traded on November 21, worth 2.4 trillion VND (106.8million USD).-VNA
