VN Index hits 10-year high on rally

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)

Trading transactions at the Hanoi Stock Exchange. (Source: VNA)

The benchmark index on the HCM Stock Exchange gained 0.56 percent to touch its 10-year high of 801.20 points.

The southern market index has risen for the last seven consecutive sessions, posting total growth of 3.5 percent. The rally also helped it finish this week 1.6 percent higher than the previous one.

More than 132.5 million shares were traded on the southern bourse, worth 3.1 trillion VND (137.7 million USD), down 14 percent in both volume and value from the figures on September 7.

The gain of the benchmark stock index was attributed to the good performances of leading stocks in real estate, food and beverage, insurance-finance and construction sectors.

Gaining stocks included food-beverage producer Masan Group (MSN), brewer Sabeco (SAB), PetroVietnam Gas (GAS), property developer Vingroup (VIC), steelmaker Hoa Phat Group (HPG), FLC Faros Construction (ROS) and insurer Bao Viet Holdings (BVH).

On the Hanoi Stock Exchange, the HNX Index fell 0.66 percent to end at 103.92 points, retreating from a three-day increase of 0.8 percent. The northern market index inched up 0.1 percent from the previous trading week’s closing level.

More than 41.8 million shares were exchanged on the northern market, worth 524 billion VND. 

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