VN stocks extend gains following global good mood

June 03, 2020 | 15:43

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Vietnamese shares roses on Wednesday morning, following Wall Street's rally overnight.

vn stocks extend gains following global good mood

An investor watches market movements on a computer.

The VN-Index in the Ho Chi Minh Stock exchange rose 0.34 per cent to close the morning trade at 877.74 points.

More than 211.5 million shares were traded on the southern exchange, worth VND3 trillion (US$129.4 million).

The benchmark index lost 0.44 per cent to close Tuesday at 874.80 points.

Local stocks were boosted by investor confidence after US stocks moved positive on loosening lockdown orders and signs of economic recovery.

The Dow Jones Industrial Average rose 1.05 per cent to 25,742.65, the S&P 500 gained 0.82 per cent, to 3,080.82 and the Nasdaq Composite added 0.59 per cent, to 9,608.38.

Large-cap stocks performed well on Wednesday morning as their tracker VN30-Index was up 0.39 per cent to close at 821.89 points, with 16 of the 30 largest stocks by market value and trading liquidity gaining.

On a sector basis, 12 out of 25 sectors posted gains such as retail, securities, banking, energy, rubber production, food and beverage, seafood processing and logistics.

In the opposite side, losers were information and technology, real estate, agriculture, home appliance production, construction, construction materials and insurance.

The banking index posted large gain of 1.9 per cent as bank stocks attracted strong cash flow from investors.

Notable gainers in the group were Asia Commercial Bank (ACB), Bank for Investment and Development (BID), Vietinbank (CTG), Military Bank (MBB), VPBank (VPB), Techcombank (TCB) and Tien Phong Bank (TPB).

The HNX-Index on the Ha Noi Stock Exchange rose 1.71 per cent to close Wednesday morning at 115.59 points.

More than 41.2 million shares were traded on the northern exchange, worth VND406 billion.

VNA

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