Extending gains from last week, the VN-Index on the Hồ Chí Minh Stock Exchange grew nearly 2 per cent to close Monday’s trade at 916.06 points. The southern market index increased 1.8 per cent last week. On the Hà Nội Stock Exchange, the HNX-Index increased 0.91 per cent to end at 103.95 points. The northern market index was unchanged last week. A total of 179 million shares worth a combined VNĐ4 trillion (US$172.6 million) were traded on the two markets. Most major stock groups recorded rallies on Monday. Technology stocks were the biggest gainers with an average growth of 4.8 per cent, driven by expansion of leading companies such as Mobile World Investment Group (MWG), up 5.4 per cent; Digiworld (DGW), up 3.3 per cent and FPT Corp (FPT), up 0.9 per cent. These were followed by financial and property stocks, underpinned by Vingroup (VIC) and VPBank (VPB), which both hit the ceiling growth of 7 per cent capped for a single trading day. Other big banks and real estate companies such as Vinhomes (VHM), Vietinbank (CTG), Vietcombank (VCB) and HCM City Infrastructure Investment (CII) increased between 1.5 per cent and 5 per cent each. OPEC’s expected output cut also… Read full this story
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