Rises in stock markets around the world overnight and early this morning put Vietnam’s stock market in a positive mood in the morning session on September 19, with green spread throughout.
According to a report by My Van on VNEconomictimes, the VN-Index increased to nearly 1,000 points but then eased as support from large stocks was not forthcoming.
The HNX-Index also rose at the beginning of the session but also lacked momentum and stalled at around 114 points.
At 9.55am, the VN-Index had increased 4.29 points (0.43 per cent) to 997.72 points, the HNX-Index 0.49 points (0.44 per cent) to 114.09 points, and the UPCoM-Index 0.25 points (0.49 per cent) to 52.23 points
Oil and gas stocks such as PVS, PVD, PVB, BSR, OIL and PLX attracted cash flows as oil prices recover.
The textile industry has received mixed reviews since trade tensions between the US and China escalated but may benefit from an accelerated movement of exports from the latter to the former Stocks have recently begun to rebound well on improved liquidity.
Textile stocks such as TCM, TNG, VGT and GIL increased sharply, with TNG and VGT hitting their ceiling.
Securities and real estate and construction also increased, brining life into the market.
SRA and SRB, after two sessions of recovery, returned to their downward trend, with SRA hitting its floor.