Rubber pushes stocks up
Vietnamese shares continued rising on both local markets on April 8, led by rubber companies.
Investors at BSC’s exchange bourse. Rubber producers led the markets' uptrend on April 8. (Photo: VNA)Hanoi, April 9 (VNA) - Vietnamese shares continued rising on both local markets on April 8, led by rubber companies.
The benchmark VN Index on the Ho Chi Minh Stock Exchange inched up 0.1 percent to close at 572.34 points, rallying 3 percent in the last four trading days.
The HNX Index on the Hanoi Stock Exchange added 0.7 percent to finish at 80.24 points, climbing a total 2.3 percent in the last five sessions.
Rubber companies took a turn from energy companies and banks to lead the markets’ uptrend.
The Southern Rubber Industry JSC (CSM) surged 6.3 percent, Đa Nang Rubber JSC (DRC) rose 2.2 percent, and Sao Vang Rubber JSC (SRC) edged up 0.3 percent.
The stock markets also received strong support from dairy firm Vinamilk (VNM).
VNM advanced 1.4 percent following its recent announcement that the company will allow more foreign ownership in its capital after removing seven businesses from its portfolio. VNM has surged 6.7 percent in the last five days.
Both local markets traded nearly 179 million shares worth 3 trillion VND (135.3 million USD), an increase of 11.6 percent from the previous day’s trading value.-VNA
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