US-China trade tension ease boosts Vietnam’s stock market
Both indexes of the Vietnamese stock market ended in green on December 3, driven by the agreement between US President Donald Trump and Chinese President Xi Jinping to ease trade tensions.
Illustrative image (Photo: VNA)Hanoi (VNA) – Both indexes of the Vietnamese stock market ended in green on December 3, driven by the agreement between US President Donald Trump and Chinese President Xi Jinping to ease trade tensions.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HOSE) rose by 25.05 points, or 2.7 percent, to reach 951.59 points as the prices of 224 stocks increased and 82 others declined.
More than 209.8 million shares were traded at over 4.88 trillion VND (209.2 million USD) on the southern bourse.
Large-cap stocks were among the biggest contributors to the market. They included GAS, up 6.8 percent to 97,000 VND per share; VNM, up 4.4 percent to 133,600 VND; HPG, up 4.8 percent to 34,800 VND; and MSN, up 2.8 percent to 82,200 VND.
Banking stocks were also a driving force for the upward trend. Notably, BID climbed 6.8 percent to hit 33,550 VND per share. CTG hiked up 5 percent, MBB by 2.8 percent, SHB 2.7 percent, STB 5.3 percent, TCB 4.4 percent, and VCB by 4.7 percent.
Green also dominated oil and gas stocks such as PVB, up 4.6 percent; PVC by 3.3 percent; PVD, 6 percent; and PVS, 4.7 percent.
On the Hanoi Stock Exchange (HNX), the HNX-Index closed at 107.64 points, up 2.81 points or 2.69 percent.
More than 44 million shares worth over 677 billion VND were traded. Ninety-five stocks recorded price rises, while 57 others witnessed decreases. –VNA
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