VN Index breaches 600-point benchmark

August 07, 2015 | 16:27

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Local shares ended the weekend's early trading session with slight rise on both bourses.

The market liquidity remained low, as investors remained cautious following a shortage of leading sectors on the market. Photo vneconomy

However, the VN Index has breached its benchmark of 600 points and will probably have a rough trading session in the afternoon.

The market liquidity remained low, as investors remained cautious following a shortage of leading sectors on the market.

The HCM Stock Exchange's VN Index slightly rose by 0.1 per cent to close at 601.67 points.

Only 43 million shares, worth VND810.94 billion (US$37.2 million), were exchanged.

Large-cap shares ended mixed. Viet Nam Dairy Products Joint Stock Company (VNM) and Ma San Group Corporation (MSN) rose sharply by VND1,500 and VND1,000, respectively.

Others such as PetroVietnam Gas Joint Stock Corporation (GAS) remained unchanged, while Vietcombank (VCB), Bao Viet Holdings (BVH) and Vingroup Joint Stock Company (VIC) fell.

Speculative shares such as FLC Group (FLC) and Duc Long Gia Lai Group Joint Stock Company (DLG) still attracted large investments.

On the Ha Noi Stock Exchange, the HNX Index closed at 83.93 points, an increase of 0.16 per cent.

The trading was weak as large-cap codes had a less-than-expected performance.

Only five stocks traded more than one million shares. Petro Vietnam Construction Joint Stock Company (PVX) led the trading, but declined by 5.26 per cent in value.

The afternoon session will start at 1pm.

VNS

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