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Large-cap stocks fuel indices’ gains

Shares rebounded on the Ho Chi Minh Stock Exchange (HOSE) as large-cap stocks went up strongly on March 19.
Large-cap stocks fuel indices’ gains ảnh 1Shares rebound​s on the Ho Chi Minh Stock Exchange (HOSE) as large-cap stocks goes up strongly on March 19. (Photo: VNA)

Hanoi (VNA) – Shares rebounded on the Ho Chi Minh Stock Exchange(HOSE) as large-cap stocks went up strongly on March 19.

At the end of the trading day, the benchmark of VN-Index rose 9.03 points to1,159.22 points. More than 272 million shares were traded on the southernbourse at over 7.56 trillion VND (332.64 million USD).

On the Hanoi Stock Exchange, the HNX-Index posted modest growth of 1 point,ending the session at 134.1 points. A total of 94.4 million shares worth over1.9 trillion VND (83.6 million USD) were traded.

Large-cap stocks performed well with 15 of the top 20 companies by marketcapitalisation and trading liquidity experiencing robust gains in share prices.This made the VN30 climbed 17.33 points at the end of the session.

Those included shares of FLC Faros Construction Joint Stock Company coded ROSwhich advanced 8,900 VND each, that property developer Vingroup coded VIC whichearned a 4,700 VND rise each, shares of Novaland Investment coded NVL thatmarked a rise of 5,400 VND per share, and shares of Hoa Phat Group coded HPG whichrose by 2,900 VND each.

The indices were also fueled by oil and gas stocks like petrol retailerPetrolimex (PLX) rising 3,300 VND per share, PetroVietnam Technical services(PVS) growing 1,100 VND per share.

Asia Commercial Bank (ACB) stock enjoyed strongest growth among bank shareswith 1,300 VND per share. Meanwhile, shares of the Vietnam International CommercialJoint Stock Bank (VIB), Bank for Investment and Development of Vietnam (BIDV)and Vietnam Property Joint Stock Company (VPB) decreased 1,600 VND, 1,100 VNDand 900 VND per share, respectively.

Strong capital flow to the property shares made stocks in this group experiencerosy pickup. Prices of Dat Xanh Real Estate Service and ConstructionCorporation (DXG), Vincom Retailer and FLC surged 2,500 VND, 800 VND and 80 VNDper share, respectively.-VNA
VNA
#Shares rebounded #Ho Chi Minh Stock Exchange (HOSE) #large-cap stocks #VN-Index rose 9.03 points #HNX-Index #VN30 #oil and gas stocks #bank shares #Vietnam News Agency #Vietnamplus
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