Shares rise, led by property firms
Vietnamese shares gained slightly on November 20 as investors bet property companies will benefit from a stronger real estate markets over the coming months.
Investors at stock trading floor of BIDV Securities. (Source: VNA)Hanoi (VNA) - Vietnamese shares gained slightly on November 20 as investors bet property companies will benefit from a stronger real estate markets over the coming months.
The VN Index on the HCM Stock Exchange and the HNX Index on the Hanoi Stock Exchange inched up 0.4 percent each to finish at 604.46 points and 81.59 points, respectively.
The property developers index rose 1.3 percent with 32 advancing stocks against nine decliners in this industry.
Among gainers, Tan Tao Investment Industrial JSC (ITA) surged 6.5 percent, Nam Long Investment Corporation (NLG) jumped 3.7 percent and Phat Dat Real Estate Development JSC (PDR) gained 2.8 percent.
The biggest property developer Vingroup JSC (VIC) inched up 0.7 percent after the company opened its fifth shopping mall and apartment complex in Hanoi on the day.
Meanwhile, another property giant - FLC Group (FLC) - remained the most active stock for a third day with more than 13.6 million shares traded and ended flat as the company did not make report on the results of its new project in the capital city.
The national stock market also received support from other big stocks such as Hoang Anh Gia Lai Agricultural JSC (HNG) and PetroVietnam Gas Corporation (GAS).
Both local markets traded nearly 191 million shares, worth 2.66 trillion VND (118.3 million USD), an increase of 9.1 percent.-VNA
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