Business

Large-cap, oil & gas stocks boost VN-Index

VN-Index rose sharply on May 14, driven by large-cap stocks and oil & gas shares, despite low liquidity and foreign investors’ continued net selling.
Large-cap, oil & gas stocks boost VN-Index ảnh 1An investor views share prices on electronic boards at Tan Viet Securities Company (Photo: VNA)

Hanoi (VNA) – VN-Index rose sharply on May 14, drivenby large-cap stocks and oil & gas shares, despite low liquidity and foreigninvestors’ continued net selling.

On the Ho Chi Minh Stock Exchange (HOSE),VN-Index increased by 22.13 points to 1,066.98 points when 171 codes saw pricehikes, 122 codes experienced declines and 45 others stayed unchanged.

HNX Index on the Hanoi Stock Exchange (HNX)inched up 0.51 point to 123.28 points with 95 codes rising, 72 others fallingand the remaining 50 unchanged.

In the VN30 basket, measuring the 30 largeststocks by market capitalisation on the HOSE, up to 25 stocks witnessed priceincreases while only two stocks dropped.

[Net sells by foreign investors not a worry: analysts]

Oil and gas shares fluctuated in line withglobal oil prices in the beginning of the week when such stocks as PLX, BSR,POW, PVB, PVS, PVC and PVD ended in green.

While bank stocks ended mixed, securities andproperty shares recorded few transactions.

Although green coloured the indexes, liquiditywas low. Total transaction value of the market reached only more than 4.7trillion VND (207 million USD).

Both the HOSE and HNX recorded net selling byforeign investors, which sold more than 1.05 million shares worth over 93.69billion VND (nearly 4.13 million USD) on the HOSE and 124,090 shares worth 4.03billion VND (177,320 USD) on the HNX.-VNA
VNA
#VN-Index #large-cap stocks #oil & gas shares #Ho Chi Minh Stock Exchange #HOSE #HNX Index #Hanoi Stock Exchange #HNX #VN30 basket #net selling by foreign investors #updated Vietnam news #Vietnamplus #Vietnam News Agency
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