Large-cap stocks lift VN market

Viet Nam, stocks, large-caps, Viet Nam, stocks, large-caps, Markets,
Vietnamese shares advanced slightly on Friday morning on the back of the large-cap sector. — Photo

Local shares steadied on Friday morning as the large-cap sector offset losses in the mid-cap and small-cap groups.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.37 per cent to close at 857.75 points.

The VN-Index had fallen total 1.91 per cent in the previous three trading days.

Large-cap stocks made good gains. The blue-chip tracker VN30-Index edged up 0.43 per cent to 799.97 points.

Twenty-one of the 30 largest stocks by market value and trading liquidity advanced while seven declined.

Among gainers were brewer Sabeco (SAB), VPBank (VPB), Vinhomes (VHM), PetroVietnam Gas (GAS) and tech group FPT Corp (FPT).

The gains of the large-cap stocks covered losses of mid-cap and small-cap companies.

The mid-cap index ended flat while the small-cap index dropped 0.58 per cent.

On the sector basis, the mining and energy, technology, rubber, and plastics and petrochemicals were among positive-trading sectors.

The minor HNX-Index on the Ha Noi Stock Exchange inched up 0.04 per cent to end Friday morning at 114.11 points.

The northern market index rose 0.33 per cent on Thursday.

Nearly 148.4 million shares were traded on the two exchanges, worth VND1.94 trillion (US$83.6 million).

The afternoon trading session starts at 1pm. — VNS

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