Blue chips push up VN Index

May 22, 2017 | 15:34

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The benchmark VN Index rose 1.2 per cent to 742.63 points on Monday morning as large-cap stocks continued their rise, giving the market solid momentum.

The benchmark VN Index rose 1.2 per cent to 742.63 points on Monday morning as large-cap stocks continued their rise, giving the market solid momentum.

Twenty-three of the 30 largest shares by market value and liquidity on the HCM Stock Exchange advanced; only five declined.

Financial, realty and food-beverage stocks all rose, including big names such as BIDV (BID), Vietcombank (VCB), Vietinbank (CTG), Vinamilk (VNM), Masan Group (MSN), Saigon Securities Inc (SSI), VinGroup (VIC) and Kido Group (KDC).

Inexpensive shares such as Hoang Quan Consulting-Trading-Service Real Estate (HQC), Ninh Van Bay Travel Real Estate (NVT), Quang Binh Import & Export (QBS) and Ha Long Investment & Consulting (HID) also attracted money inflow. HQC, NVT and QBS all hit their daily maximum rise of 7 per cent, while HID grew 4.3 per cent.

On the Ha Noi Stock Exchange, the HNX Index was up 0.6 per cent at 92.71 points.

Around 210.4 million shares worth roughly VND4.1 trillion (US$182 million) were traded in the two markets.

The afternoon session starts at 1pm.

VNS

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