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.
Shares rebounds 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 to 1,159.22 points. More than 272 million shares were traded on the southern bourse 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 over 1.9 trillion VND (83.6 million USD) were traded.
Large-cap stocks performed well with 15 of the top 20 companies by market capitalisation 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 ROS which advanced 8,900 VND each, that property developer Vingroup coded VIC which earned a 4,700 VND rise each, shares of Novaland Investment coded NVL that marked a rise of 5,400 VND per share, and shares of Hoa Phat Group coded HPG which rose by 2,900 VND each.
The indices were also fueled by oil and gas stocks like petrol retailer Petrolimex (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 shares with 1,300 VND per share. Meanwhile, shares of the Vietnam International Commercial Joint Stock Bank (VIB), Bank for Investment and Development of Vietnam (BIDV) and Vietnam Property Joint Stock Company (VPB) decreased 1,600 VND, 1,100 VND and 900 VND per share, respectively.
Strong capital flow to the property shares made stocks in this group experience rosy pickup. Prices of Dat Xanh Real Estate Service and Construction Corporation (DXG), Vincom Retailer and FLC surged 2,500 VND, 800 VND and 80 VND per share, respectively.-VNA
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