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.
A broker examines trading data at MB Securities Company. (Photo: VNA)Hanoi (VNA) - 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.
The benchmark VN-Index on the HCM Stock Exchange gained 0.52 percent to close at 968.47 points. It recovered from a 0.29 percent drop on August 9.
The HNX Index on the Hanoi Stock Exchange was up 0.57 percent to end at 108.41 points, extending its rally to a fourth session with total growth of 2.66 percent.
The VN-Index recorded a weekly increase of 0.92 percent while the HNX Index advanced total 2 percent during the week.
More than 218.5 million shares were traded on the two bourses, worth 4.55 trillion VND (202.2 million USD).
Trading figures were up 5.1 percent in volume but declined by 6.8 percent in value compared to the previous session.
Financial-banking and energy sectors assisted the stock market to advance as insurance, securities, banking and energy industry indices grew between 2.2 percent and 4 percent.
Foreign selling remained a concern for the stock market as foreign investors net-sold 37.4 billion VND, totalling a net-sell value of 736 billion VND this week.-VNA
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