VN-Index surges over 14 points on blue chip stocks

On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index rose 14.07 points, or 0.94 per cent, to 1,506.22 points.

The market's breadth was positive with more stocks increasing, while liquidity was also improved. During the morning trade, 489.3 million shares were traded on the southern market, worth more than VND14.7 trillion (US$645.3 million).

The index's rally was driven by pillar stocks in the banking, manufacturing, real estate and retail sectors. Accordingly, the VN30-Index, tracking the 30 biggest stocks on HoSE, climbed 22.41 points, or 1.48 per cent, to 1,530.93 points.

Leading the bullish trend was retail stock Mobile World Investment Corporation (MWG) with a gain of nearly 5 per cent. It was followed by Masan Group (MSN), VPBank (VPB), Vietcombank (VCB), Sabeco (SAB) and Vingroup (VIC).

Other retail stocks also posted strong performance, such as Phu Nhuan Jewelry JSC (PNJ) up 6.52 per cent and Digiworld Corporation (DGW) up 2.82 per cent.

Meanwhile, the HNX-Index on the Ha Noi Stock Exchange (HNX) lost 0.27 points, or 0.06 per cent, to 449.35 points.