Shares end higher in early trading

July 26, 2016 | 08:59

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The blue chip stocks of Vingroup (VIC), Vietcombank (VCB), Hoa Phat Group (HPG) and PetroVietnam Gas Joint Stock Corporation (GAS) contributed to the recovery of the market this morning.

Photo cafef.vn

Ending the session, VN Index rose 1.61 points or 0.25 per cent to reach 651.48 points on the southern HCM Stock Exchange, while the HNX Index added 0.15 points or 0.18 per cent to stay at 84.22 points in the northern Ha Noi Stock Exchange.

However, market liquidity remained low, with 70 million shares, worth more than VND1 trillion (US$44.7 million), being traded.

Among the stocks that contributed this morning, the duo of HAGL Joint Stock Company (HAG) and Hoang Anh Gia Lai Agricultural Joint Stock Company (HNG) increased about six per cent each to reach their ceiling prices.

Steel stocks also saw good trading, with stocks such as Hoa Phat Group Joint Stock Company (HPG), Nam Kim Steel Joint Stock Company (NKG), Thai Nguyen Iron and Steel JSC (TIS) and Tien Len Steel Group Joint Stock Company (TLH), besides Vietnam – Italy Steel Joint Stock Company (VIS), making gains.

In the morning, shares with positive earnings in Q2 were also fairly active in trading, such as Vinh Khanh Cable Plastic Corporation (VKC), Binh Thanh Import - Export Production and Trade JSC (GIL), KIDO Group (KDC) and Innovative Technology Development Corporation (ITD), besides Agriculture Printing and Packing Joint Stock Company (INN) and Dabaco Group (DBC).

VNS

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