VN Index bounces back, lifted by large-caps

December 01, 2017 | 14:22

(0) user say

Shares rebounded on the HCM Stock Exchange on Friday morning, driven by large-cap stocks.

Large-cap stocks performed well as 19 of the 30 largest stocks by market capitalisation on the VN30 Index advanced. - Photo vietnamfinance.vn

The benchmark VN Index gained 0.80 per cent to close at 957.56 points. It fell 0.23 per cent on Thursday.

More than 118 million shares were traded on the southern bourse, worth VND2.68 trillion (US$119.2 million).

The southern market was dominated by gaining stocks, which outnumbered losers by 146 to 114.

Large-cap stocks performed well as 19 of the 30 largest stocks by market capitalisation on the VN30 Index advanced.

Among the gainers were HCM City Infrastructure Investment JSC (CII), dairy firm VInamilk (VNM), PetroVietnam Drilling and Well Services (PVD) and Refrigeration Electrical Engineering (REE).

These four stocks increased by between two and 4.6 per cent.

On the opposite side, a number of large-cap shares were hit by profit-taking, such as brewer Sabeco (SAB) and lenders Bank for Investment and Development of Viet Nam (BID) and Vietinbank (CTG).

On the Ha Noi Stock Exchange, the HNX Index added 0.21 per cent to end at 114.97 points, extending its growth from the previous two-day increase of 2.9 per cent.

Nearly 42.4 million shares were exchanged on the northern market, worth VND580.5 billion.

The afternoon trading session starts at 1pm.

VNA

What the stars mean:

★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional