Vietnamese stocks gain on divestment plans

Vietnamese shares ended on August 10 on a positive note, driven by financial-banking and energy sectors as confidence was boosted by news on State capital divestment from State-owned businesses.

Saturday, August 11, 2018 15:07

Vietnamese stocks gain on divestment plans ảnh 1

A broker examines trading data at MB Securities Company. (Photo: VNA)

Hanoi (VNA) - Vietnamese shares ended on August 10 on a positivenote, driven by financial-banking and energy sectors as confidence was boostedby news on State capital divestment from State-owned businesses.

The benchmark VN-Index on the HCM StockExchange gained 0.52 percent to close at 968.47 points. It recovered from a0.29 percent drop on August 9.

The HNX Index on the Hanoi Stock Exchangewas up 0.57 percent to end at 108.41 points, extending its rally to a fourthsession with total growth of 2.66 percent.

The VN-Index recorded a weekly increase of0.92 percent while the HNX Index advanced total 2 percent during the week.

More than 218.5 million shares were tradedon the two bourses, worth 4.55 trillion VND (202.2 million USD).

Trading figures were up 5.1 percent involume but declined by 6.8 percent in value compared to the previous session.

Financial-banking and energy sectorsassisted the stock market to advance as insurance, securities, banking andenergy industry indices grew between 2.2 percent and 4 percent.

Foreign selling remained a concern for thestock market as foreign investors net-sold 37.4 billion VND, totalling anet-sell value of 736 billion VND this week.-VNA

VNA

#Vietnamese shares #Vietnamese stocks gain on divestment plans #Vietnamese stocks #Hanoi Stock Exchange #HCM Stock Exchange #Vietnam News Agency #vietnamplus

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