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Stocks gain on first day after Tet
Source: VNS - 2/3/2017 9:38:48 AM
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Shares advanced on both local exchanges on Thursday in the first session after Tet, driven by real estate and insurance sectors.

The benchmark VN Index on the HCM Stock Exchange gained 0.5 per cent to reach a new nine-year high of 700.55 points. It had rallied by 2.2 per cent in four consecutive sessions before the Tet holiday.

The HNX Index on the Ha Noi Stock Exchange inched up 0.1 per cent to end at 84.56 points. The northern market index had risen 1.7 per cent in the last two days.

The insurance-finance and property sectors pushed the market up this morning as large-cap stocks advanced.

Among insurance-finance firms, BIDV Insurance Corp (BIC) and Bao Viet Holdings (BVH) went up by 1.2 per cent and 1.8 per cent, respectively.

Large-cap property developers such as Sai Gon Thuong Tin Real Estate JSC (SCR), Vingroup (VIC) and Kinh Bac City Development Holding Corp (KBC) rose between 0.4 per cent and 1.7 per cent.

Other blue chips that made gains include Faros Construction Corp (ROS), dairy producer Vinamilk (VNM) and PetroVietnam Gas Corp (GAS).

At the other end, bank stocks were mixed, with Vietcombank (VCB), Sacombank (STB) and MBBank (MBB) declining.

Around 62.2 million shares worth VND1.25 trillion (US$55.47 million) were traded.
Newer News
20/09 Stocks up slightly on profit-taking
20/09 Stocks up slightly on profit-taking
18/09 VN-Index down 3.73 points on September 17
12/09 Vietnam’s stock market capitalisation reaches 79.2 percent of GDP
10/09 Stock market pins hopes on foreign investors in September
30/08 VN Index rally ends on selling pressure
29/08 Large-cap stocks lift market
28/08 VN-Index struggles to maintain rally
27/08 VN Index to rise amid volatility, weak liquidity
25/08 Negative sentiment ends VN-Index rally
Older News
02/02 Stocks expected to rise in the year of the Rooster
25/01 Shares up on good earnings reports
24/01 VN Index up for a second day
23/01 Stock market to remain quiet ahead of Tet holiday
20/01 Shares decline for a second day
19/01 Banks turn a market dampener
17/01 Shares slumps on holiday fears
16/01 Challenge awaits VN Index at 690 points
13/01 Bank, steel stocks pull market down
13/01 Open-end funds outperform VN-Index in 2016
 
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