mua xổ số truyền thống onlineiosMarkets gain slow before a short break

Markets gain slow before a short break

HÀ NỘI — Local shares gained slightly on Wednesday ahead of a short break as investors remained cautious because of the market’s uncertain prospects.

On the Hồ Chí Minh Stock Exchange, the benchmark VN-Index rose 0. 二 五 per cent to end at  七 六 九. 一 一 points.

The VN-Index had fallen a total of  一. 二 二 per cent in the first two trading days of the week.

The HNX-Index on the Hà Nội Stock Exchange increased by 0. 五 四 per cent to close Wednesday at  一0 六. 八 四 points, recovering from a two-day decline of 0. 六 六 per cent.

More than  三0 二. 三 million shares were traded on the two exchanges, worth VNĐ 四. 五 五 trillion (US$ 一 九 四 million).

Nearly  二 五 九 million shares were traded in the order-matching method, worth VNĐ 三. 六 三 trillion.

Vietnamese stock markets will be closed on Thursday and Friday for a national holiday. The country will celebrate the  四 五th Reunification Day on April  三0 and the International Labour Day on May  一.

The local markets rebounded from a two-day fall as bank and energy stocks advanced. The two industry indices were up  一. 六 per cent and  二. 四 per cent, according to vietstock.vn.

The best gainers were Vietinbank (CTG), PetroVietnam Technical Services (PVS), PetroVietnam Drilling and Well Services (PVD), PetroVietnam Coating (PVB), and Vietcombank (VCB).

Those stocks’ growth ranged from  一. 五 per cent to  八. 五 per cent.

US crude futures West Texas Intermediate (WTI) soared  一 四. 二 per cent to trade at $ 一 四 a barrel on Wednesday, boosting confidence in local energy stocks.

Other sectors that also saw share prices rise included retail, rubber, logistics and transportation.

But seafood processing, food and beverage, healthcare and pharmaceuticals, and agriculture were sectors that made the markets gain slower.

Foreign investors net-sold total VNĐ 五00 billion on both local bourses.

The VN-Index and HNX-Index struggled during the day and it proved investors were unwilling to jump in due to potential risks, Sài Gòn-Hà Nội Securities Co (SHS) said in its daily report.

“Liquidity increased from the previous day but was still lower than  二0-day average. It is clear investors were held back ahead of the short break,” the company said.

The May-ending VN 三0 futures, which refer to potential development of the large-cap tracker VN 三0-Index, gained  八. 五 points to end Wednesday at  七0 二. 五0 points but it was still  一 二. 八 三 points lower than VN 三0-Index’s ending of  七 一 五. 三 三 points.

“Investors were still worried about a correction,” SHS said. — VNS