TPP agreement boosts shares

October 06, 2015 | 16:05

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Shares continued to advance on the two exchanges this morning, as the successful conclusion of the expected Trans Pacific Partnership (TPP) was declared in Atlanta in the United States.

An investor watch stock trading. Shares continued to advance in domestic bourses this morning following the successful conclusion of the TPP. -Photo vietpress.vn

The benchmark VN-Index on the HCM Stock Exchange added another 1.5 per cent to close at 578.56 points.

On the secondary market in Ha Noi, the HNX-Index also increased 1.23 per cent to end at 79.79 points.

Twelve Pacific Rim countries, extending from Canada to Viet Nam, reached the most ambitious trade agreement in Atlanta, aiming to liberalise commerce in 40 per cent of the world's economy. Viet Nam is forecast to be one of the largest gainers from this historic agreement, giving a boost to its exports.

Garment and textile shares extended their rally this morning, as most of listed garment companies hit or almost hit the daily ceiling of seven per cent on the HCM City market.

They included Thanh Cong Textile Garment Investment Trading (TCM), TNG Investment and Trading (TNG) and Mirae Co (KMR).

The overall market condition was positive, with 39 per cent of a total 674 stocks climbing, while only 15 per cent declined.

Liquidity also improved with 137 million shares, worth almost VND2.16 trillion (US$96 million), being traded on the two markets.

The afternoon session will begin at 1pm.

VNS

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