Rubber stocks drive markets up
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| Vietnamese shares rose slightly this morning as rubber stocks made good gains.- Photovietnamplus.vn |
The benchmark VN Index on the HCM Stock Exchange inched up 0.1 per cent to close at 572.70 points.
The HNX Index on the Ha Noi Stock Exchange ended nearly unchanged at 79.72 points.
Rubber producers led the markets upwards. Da Nang Rubber JSC (DRC) jumped 3.8 per cent, Sao Vang Rubber JSC (SRC) gained 2.8 per cent, and the Southern Rubber Industry JSC (CSM) surged 6.6 per cent.
The property developers and food producers also made gains to lift the markets.
Property firms Vingroup JSC (VIC) and Sai Gon Thuong Tin Real Estate JSC (SCR) added 0.9 per cent and 1.1 per cent, respectively.
Dairy firm Vinamilk (VNM) edged up 0.7 per cent and confectionery company KIDO Group (KDC) jumped 4.5 per cent.
In contrast, energy stocks fell as oil prices slipped on Thursday.
PetroVietnam Gas Corporation (GAS) dropped 0.5 per cent and PetroVietnam Mud Drilling Corporation (PVC) dipped by 0.7 per cent.
Other large-cap stocks also declined. Food producer Masan Group (MSN) was down 1.7 per cent and Vietcombank (VCB) lost 0.5 per cent.
Both local markets traded more than 93.2 million shares, worth VND1.67 trillion (US$74.3 million).
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