Good global trading lifts Vietnam stocks
Vietnamese shares finished Wednesday morning on a positive note as market sentiment was lifted by the uptrend of global stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange increased by 1.05 per cent to end at 896.79 points.
The southern market index fell 0.25 per cent on Tuesday.
The HNX Index on the Ha Noi Stock Exchange gained 0.77 per cent to close at 102.05 points.
The northern market index lost 0.65 per cent in the previous session.
Nearly 113 million shares were traded on the two local exchanges, worth VND1.92 trillion (US$82.8 million).
Global markets moved positively on Tuesday and early Wednesday following good signals of US-China trade talks, starting on Monday, to ease global worries about trade issues and an economic slowdown.
Positive signals of the trade talks also boosted oil prices on hopes global trade will improve, thus lifting the demand for fuel around the globe.
On the Vietnamese stock market, banks, insurance firms, petroleum companies, consumer staples and retail returned to positive territory after falling on Tuesday.
The five industry indices gained between 1.2 per cent and 2.2 per cent, data on vietstock.vn showed.
The afternoon trading session starts at 1pm.
Source: Vietnam Investment Review