World stocks drive VN market gains

15:17 | 12/07/2019

Shares on the two Vietnamese exchanges continued to gain on Friday morning thanks to the positive movement of world stocks.

world stocks drive vn market gains
Shares on the two Vietnamese exchanges continued to gain on Friday morning thanks to the positive movement of world stocks. - Photo ndh.vn

The VN-Index on the Ho Chi Minh Stock Exchange rose 0.24 per cent to close at 981.02 points.

More than 74.5 million shares were traded on the southern bourse, worth VNĐ1.7 trillion (US$73 million).

It had closed Thursday up 0.51 per cent at 978.63 points.

On the US stock market, the Dow Jones Industrial Average gained more than 100 points on Thursday after the chairman of The US Federal Reserve (Fed) signalled that it may loosen monetary policy later this month. The index rose 0.48 per cent, equivalent to 132 points, to 27,007.86 points. This is the first time in history the Dow Jones has exceeded 27,000 points.

The major Asian stock markets also recorded their second consecutive gaining session on Thursday. The MSCI All Country Asia ex-Japan Index increased by 1 per cent. The Kospi Index recorded the biggest increase in the region, up 1.06 per cent.

Large-cap stocks performed well on Friday morning as the VN30-Index, tracking the 30 largest stocks by market value and trading liquidity, climbed 0.28 per cent to 881.55 points.

Nineteen of the stocks in the VN30 basket increased while only nine decreased.

On the Ha Noi Stock Exchange, the HNX-Index gained 0.29 per cent to end the morning session at 106.32 points.

More than 15.6 million shares were traded on the northern bourse, worth VND229 billion.

The northern market index inched up 0.83 per cent on Thursday to close at 106.01 points.

The afternoon trading session starts at 1pm.

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