Steel shares bolster market

November 18, 2020 | 14:49

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Shares gained on Wednesday morning on the two stock exchanges as cash flow was poured in steel stocks.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 0.31 per cent to close at 971.91 points. - Photo cafef.vn

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 0.31 per cent to close at 971.91 points.

The index had climbed 1.9 per cent to close the session at 968.9 points.

Nearly 273.5 million shares were traded on the southern exchange on Wednesday morning, worth VND5.3 trillion (US$228.9 million).

The VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, rose 0.28 per cent to end Wednesday morning at 937.25 points.

Steel stocks gained ground thanks to the injection of cash flow, including Hoa Phat Group (HPG), Hoa Sen Group (HSG), Nam Kim Group (NKG), Pomina Steel Corporation (POM), SMC Trading Investment Joint Stock Company (SMC), Thai Nguyen Iron And Steel JSC (TIS), Tien Len Steel Group Joint Stock Company (TLH), Vietnam – Italy Steel Joint Stock Company (VIS) and Vietnam Germany Steel Pipe JSC (VGS).

On the Ha Noi Stock Exchange, the HNX-Index increased 0.31 per cent to 147.03 points.

More than 38.3 million shares were traded on the northern exchange, worth VND590 billion.

VNA

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