Vietnam’s benchmark VN Index rallied for a seventh session on September 8, driven by leading stocks in real estate, food and beverage, insurance-finance and construction sectors.
Trading transactions at the Hanoi Stock Exchange. (Source: VNA)
Hanoi (VNA) - Vietnam’s benchmarkVN Index rallied for a seventh session on September 8, driven by leading stocksin real estate, food and beverage, insurance-finance and construction sectors.
The benchmark index on the HCM Stock Exchangegained 0.56 percent to touch its 10-year high of 801.20 points.
The southern market index has risen for the lastseven consecutive sessions, posting total growth of 3.5 percent. The rally alsohelped it finish this week 1.6 percent higher than the previous one.
More than 132.5 million shares were traded onthe southern bourse, worth 3.1 trillion VND (137.7 million USD), down 14percent in both volume and value from the figures on September 7.
The gain of the benchmark stock index wasattributed to the good performances of leading stocks in real estate, food andbeverage, insurance-finance and construction sectors.
Gaining stocks included food-beverage producerMasan Group (MSN), brewer Sabeco (SAB), PetroVietnam Gas (GAS), propertydeveloper Vingroup (VIC), steelmaker Hoa Phat Group (HPG), FLC FarosConstruction (ROS) and insurer Bao Viet Holdings (BVH).
On the Hanoi Stock Exchange, the HNX Index fell0.66 percent to end at 103.92 points, retreating from a three-day increase of0.8 percent. The northern market index inched up 0.1 percent from the previoustrading week’s closing level.
More than 41.8 million shares were exchanged onthe northern market, worth 524 billion VND. - VNA
It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders.
Shares advanced on both local exchanges on September 5 after a long weekend holiday, driven by large-cap stocks. However, trading conditions suggest rough sessions ahead for the markets.
Shares rose further on both local exchanges on September 7, boosted by some large-cap stocks, while market trading liquidity showed little improvement to strengthen investor confidence.
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Trading transactions at the Hanoi Stock Exchange. (Source: VNA) 
