Illustrative image (Source: ndh.vn) Hanoi,(VNA) - Shares rose higher on November 22, driven by oil and gasproducers and banking-financial companies, while listed firms with positive10-month earnings also bolstered investor confidence.
Thebenchmark VN Index on the HCM Stock Exchange rose 1.1 percent to close at681.91 points, rising a total 1.3 percent after two sessions.
TheHNX Index on the Hà Nội Stock Exchange added 0.4 percent to end at 81.03points, up 0.5 percent from last Friday.
Oiland gas producers continued to be the strongest gainers as members of theOrganisation of Petroleum Exporting Countries (OPEC) displayed a united standat a meeting in Vienna to cut their production in order to restore the market’sstability.
Ofthe local energy stocks, the biggest gainers were PetroVietnam Drilling andWell Services Corp (PVD), PetroVietnam Transportation Corp (PVT) andPetroVietnam Mud Drilling Corp (PVC), advancing 3.4 percent, 3.3 percent and2.4 percent, respectively.
Thefinancial-banking sector also supported the market’s upward trend, led byVietcombank (VCB), Asia Commercial Bank (ACB), insurer Bao Viet Holdings (BVH),Bao Viet Securities Corp (BVS), Sai Gon-Hanoi Securities Corp (SHS) and Sai GonSecurities Inc (SSI).
Vietcombankannounced on November 21 that it would issue more than 932 million shares toincrease its capital at the end of this month, including more than 213 milliontransferrable shares.
Thebanking sector has performed well in the last two sessions as investorsexpected a new Government directive allowing commercial banks to continueissuing short-term foreign currency loans to borrowers, boosting domesticbusiness at year-end.
Firmswith positive 10-month earnings also raised investor sentiment. Mobile WorldInvestment Corp (MWG) yesterday jumped 5 percent after releasing a reportshowing the company’s revenue and post-tax profit increased by 76 percent and96 percent from last year’s figures.
Market trading liquidity increased from Monday,with more than 150.5 million shares being exchanged, worth nearly 2.62 trillionVND (116.4 million USD).-VNA
Thebenchmark VN Index on the HCM Stock Exchange rose 1.1 percent to close at681.91 points, rising a total 1.3 percent after two sessions.
TheHNX Index on the Hà Nội Stock Exchange added 0.4 percent to end at 81.03points, up 0.5 percent from last Friday.
Oiland gas producers continued to be the strongest gainers as members of theOrganisation of Petroleum Exporting Countries (OPEC) displayed a united standat a meeting in Vienna to cut their production in order to restore the market’sstability.
Ofthe local energy stocks, the biggest gainers were PetroVietnam Drilling andWell Services Corp (PVD), PetroVietnam Transportation Corp (PVT) andPetroVietnam Mud Drilling Corp (PVC), advancing 3.4 percent, 3.3 percent and2.4 percent, respectively.
Thefinancial-banking sector also supported the market’s upward trend, led byVietcombank (VCB), Asia Commercial Bank (ACB), insurer Bao Viet Holdings (BVH),Bao Viet Securities Corp (BVS), Sai Gon-Hanoi Securities Corp (SHS) and Sai GonSecurities Inc (SSI).
Vietcombankannounced on November 21 that it would issue more than 932 million shares toincrease its capital at the end of this month, including more than 213 milliontransferrable shares.
Thebanking sector has performed well in the last two sessions as investorsexpected a new Government directive allowing commercial banks to continueissuing short-term foreign currency loans to borrowers, boosting domesticbusiness at year-end.
Firmswith positive 10-month earnings also raised investor sentiment. Mobile WorldInvestment Corp (MWG) yesterday jumped 5 percent after releasing a reportshowing the company’s revenue and post-tax profit increased by 76 percent and96 percent from last year’s figures.
Market trading liquidity increased from Monday,with more than 150.5 million shares being exchanged, worth nearly 2.62 trillionVND (116.4 million USD).-VNA
VNA
