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Stock markets see index up

GBS - On the HCM Stock Exchange, the VN-Index closed the session up 2.04 percent at 489.84 points on July 2.

Blue chip rises powered the market uptrend with the VN30 – tracking the top 30 shares by market capitalisation and liquidity – also up 1.89 percent to 544.98 points.

Outstanding shares included Masan Group (MSN) which jumped 3.8 percent to 95,000 VND (4.52 USD) per share following the news that the investment fund TPG Growth would spend 50 million USD to buy a 49 percent stake in Masan Agriculture from Masan Consumer.

Insurer Bao Viet Holdings (BVH) rose 4.3 percent, property giant VinGroup (VIC) went up 3.3 percent and dairy giant Vinamilk (VNM) rose 3.1 percent.

Overall trading was sluggish, however, with market value almost unchanged compared with the previous session, totalling over 37.8 million shares worth 670 billion VND (nearly 2 million USD).

Pha Lai Thermal Power (PPC) was the most active code with nearly 1.73 million shares traded at 24,700 VND (1.18 USD), up 3.8 percent over the session on July 1.

On the Hanoi Stock Exchange, the HNX-Index also edged up 1.14 percent to close the morning at 63.20 points.

Market value was low at almost 182 billion VND (8.7 million USD) on a total volume of nearly 25.5 million shares.

Investment FLC Group (FLC) was again the most active code on the northern bourse with over 3.1 million shares changing hands, rising 1.6 percent to 6,500 VND a share.

Foreign sectors were once again net buyers on both exchanges after many days of selling, but they picked up just 2.2 billion VND (104,700 USD) worth of shares on both markets.

-VNA

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