Oil stocks push market

12:41 | 17/05/2019
Shares rallied for five straight sessions on Friday morning, propped up by the strong gain of oil and gas stocks.
oil stocks push market
More than 67.5 million shares were traded on the southern bourse, worth VNĐ1.5 trillion (US$64 million). - Photo ndh.vn

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.03 per cent to end at 975.94 points.

More than 67.5 million shares were traded on the southern bourse, worth VNĐ1.5 trillion (US$64 million).

The index inched up 0.01 per cent to end Thursday at 975.69 points.

Supporters of VN-Index on Friday morning included insurer Bảo Việt Holdings (BVH), Mobile World Group (MWG), Viet Nam National Petroleum Group (PLX), brewery company Sabeco (SAB), Vingroup (VIC) and Vincom Retail (VRE).

The large-cap VN30-Index slumped 0.27 per cent to stand at 889.54 points with 18 stocks dropping out of the 30 largest by market capitalisation.

Decliners in VN30-basket included Vinhomes (VHM), HDBank (HDB), FLC Faros Construction Joint Stock Company (ROS) and budget carrier Vietjet Air (VJC). The slump of these stocks put pressure on the VN30-Index.

Real estate, securities, banking, food and beverage were among the worst-performing industries.

Their indices lost between 0.3 per cent and 0.5 per cent, data on vietstock.vn showed.

On the opposite side, oil and gas, insurance, logistic and construction were among the gainers.

The oil and gas sector had a good trading session, strongly supporting the overall market. Gainers in the mining group included PetroVietnam Gas JSC (GAS), PetroVietnam Drilling and Well Services Corporation (PVD), PetroVietnam Technical Services Corporation (PVS).

On the Ha Noi Stock Exchange, the HNX-Index increased by 0.02 per cent to close at 106.11 points.

Around 21 million shares were traded on the northern bourse, worth VND216 billion.

The afternoon trading session starts at 1pm.

VNA

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