Real estate, energy boost VN Index

Shares rose further on the HCM Stock Exchange, boosted by property developers and energy firms.

The benchmark VN Index moved up 0.55 per cent to end Tuesday morning at 853.74 points.

The benchmark VN Index moved up 0.55 per cent to end at 853.74 points. It gained total 1.9 per cent in the previous two sessions.

More than 503.8 million shares were traded on the southern bourse, worth VND18.8 trillion (US$839.2 million).

The rocketing trading liquidity on Tuesday morning was caused by the foreign trade of Vincom Retail JSC (VRE), which debuted on Monday.

Nearly 400 million shares of the largest retailer were exchanged via put-through transactions, worth VND16 trillion.

Real estate firms and energy companies, in particular, lifted the market on Tuesday morning.

Among property developers, Vingroup (VIC) increased by 2.5 per cent and Nam Long Investment Corp (NLG) was up 1.8 per cent.

Recent gains in global crude prices also helped energy stocks advance, with PetroVietnam Gas (GAS) and PetroVietnam Drilling and Well Services (PVD) gaining 1.3 per cent and five per cent, respectively.

On the Ha Noi Stock Exchange, the HNX Index edged down 0.23 per cent to end at 104.86 points.

The northern market index witnessed two-day growth of total 1.6 per cent.

Nearly 22.7 million shares were traded on the Ha Noi bourse, worth VND262.2 billion.

The afternoon trading session starts at 1pm.

Source VNA