VN-Index gains on blue chips

March 26, 2018 | 18:55

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Viet Nam’s benchmark VN-Index rose on Monday morning, led by blue chips and positive investor confidence.

The stock market was boosted by the growth of real estate stocks. The real estate sector index jumped 2.4 per cent. - Photo ndh.vn

The benchmark VN Index on the HCM Stock Exchange gained 0.81 per cent to close at 1,162.89 points. The Index fell 1.60 per cent or 18.77 points to close at 1,153.59 points on Friday.

Meanwhile, the minor HNX Index on the Ha Noi Stock Exchange lost 0.08 per cent to end at 131.78 points. It dropped 1.62 per cent to end at 131.88 points in the previous session.

More than 130.8 million shares were traded on the two local exchanges, worth VND4.06 trillion (US$178.2 million).

The market breadth was negative, with 184 gaining stocks against 206 declining ones, while 338 other stocks ended flat.

The stock market was boosted by the growth of real estate stocks. The real estate sector index jumped 2.4 per cent, data on vietstock.vn showed.

Among the strongest gaining property developers were Development Investment Construction JSC (DIG), Dat Xanh Real Estate Service & Construction Corporation (DXG), Duc Long Gia Lai Group Joint Stock Company (DLG) and Phat Dat Real Estate Development Joint Stock Company (PDR).

Large-cap stocks also performed well, pulling the large-cap index VN30 Index up 0.93 per cent to 1,139.38 points.

Gainers among those stocks included Việt Nam's biggest brewer Sabeco (SAB), dairy firm Vinamilk (VNM), property developer Vingroup and Novaland (NVL) and steel producer Hoa Phat (HPG).

On the Unlisted Public Company Market (UPCoM), the UPCOM Index fell 0.42 per cent to end at 59.66 points. It declined by 0.80 per cent to 59.91 points on Friday.

The afternoon trading session starts at 1pm.

VNA

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