VN market up as large-caps gain further

14:57 | 25/05/2020

Local shares increased on Monday morning as large-cap companies’ rallies continued.

vn market up as large caps gain further
A VPS Securities trader. Local shares kept rising on Monday morning as large-cap companies extended their rallies.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.62 per cent to close at 857.99 points.

The VN-Index gained a total of 3.11 per cent last week.

More than 165 million shares were traded on the southern bourse, worth VND3 trillion (US$128.8 million).

Large-cap firms boosted the major stock exchange as the large-cap tracker VN30-Index rose 0.48 per cent to 807.01 points.

Capital focused on leading companies in the retail, real estate, consumer, banking and financial sectors, lifting 16 of the 30 largest stocks by market value and trading liquidity in the large-cap basket.

Among gainers were retailer Mobile World Investment (MWG), real estate firms Vincom Retail (VRE) and Vinhomes (VHM), dairy producer Vinamilk (VNM), SSI Securities (SSI) and Vietinbank (CTG).

Those large-caps advanced between 1.3 per cent and 2.0 per cent.

Positive market sentiment also spread to mid-cap and small-cap stocks, pulling the two trackers up 1.30 per cent and 0.66 per cent, respectively.

On the Ha Noi Stock Exchange, the HNX-Index added 1.59 per cent to end Monday morning at 108.75 points.

The northern market index dropped a total of 1.81 per cent last week.

Nearly 25.8 million shares were traded on the northern bourse, worth VND307.5 billion.

The afternoon trading session starts at 1pm.

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