VN-Index opens week in bullish sentiment

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Green covered the Vietnam’s stock market on March 4 with several blue-chip stocks, including VIC, VHM, GAS, VNM and VRE jumping strongly.

VN-Index opens week in bullish sentiment

At the beginning of the trading session, several large cap stocks rallied heavily, of which oil and gas stocks all gained by 2-5 percent.
In the morning trading session only, liquidity rose by nearly 60 percent compared to that in the trading session last weekend at roughly VND2.9 trillion.
In the afternoon trading session, market continued to maintain positive rising momentum. Gas and oil and banking stocks strengthened rising momentum, helping market indicators to strongly jump.
In addition, the trio of large cap stocks VIC, VHC and VRE also sharply soared by 2 percent, 2.4 percent and 1 percent respectively, sending the VN-Index to close near the highest level in the trading session.
The VN-Index grew 14.36 points, or 1.47 percent, to close at 993.99 points. Of the benchmark, 230 stocks were winners, 94 losers while 43 were unchanged.
The HNX-Index of the northern bourse escalated 1.27 points, or 1.18 percent, to close at 108.53 points with 102 stocks emerging, 51 sinking and 57 treading water.
Market liquidity significantly improved compared to previous trading sessions even though foreign investors net sold about VND120 billion on the market. Total trading volume reached 290 million shares, worth VND5.7 trillion.

By Nhung Nguyen – Translated by Thuy Doan

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