Shares rise on both exchanges, Masan Group recovers after three-day decline

December 12, 2019 | 17:12

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Shares rose on Thursday morning on the two exchanges.

shares rise on both exchanges masan group recovers after three day decline

The VN-Index increased 0.38 per cent to end Thursday morning at 965.48 points.

On the Ho Chi Minh Stock Exchange (HOSE) the VN-Index increased 0.38 per cent to end the morning trade at 965.48 points.

On the Ha Noi Stock Exchange, the VN-Index was almost unchanged compared to Wednesday, closing at 102.37 points.

Blue chips continued to lead the market as 16 of the top 30 shares by market value and liquidity on the HOSE (VN30) and eight declined.

Masan Group (MSN) was the biggest gainer this morning, rising 3.6 per cent, after a three-day decline.

Other supporters included Sabeco (SAB), VPBank (VPB), Techcombank (TCB), FPT Corp (FPT), BIDV (BID), Vietinbank (CTG) and Coteccons Construction (CTD), with all going up more than 1 per cent.

However, the market rise was restrained by the slump of some heavyweight stocks such as Vinhomes (VHM), Vincom Retail (VRE), PV Gas (GAS) and Hoa Phat Group (HPG).

A total of 132 million shares worth VND2.8 trillion (US$120 million) were traded on the two markets.

According to BIDV Securities Co, the cautious sentiment will continue among investors given that major central banks in the world such as the Fed and ECB are preparing for the last important policy meetings of this year.

VNA

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