w88 chuẩn nhấtLocal markets get Sabeco auction lift

w88 chuẩn nhất VN-Index on w88 chuẩn nhất HCM Stock Exchange rallied 2.45 percent to close December 18 at 958.06 points. Vietnam’s benchmark index had decreased for w88 chuẩn nhất last two trading weeks by a total 3.6 percent.

Meanwhile on w88 chuẩn nhất Hanoi Stock Exchange, w88 chuẩn nhất HNX-Index increased 1.88 percent to end at 113.71 points. w88 chuẩn nhất northern market index had fallen 4.4 percent in w88 chuẩn nhất last two weeks.

w88 chuẩn nhất market upturn was driven by large caps.

Twenty-two of w88 chuẩn nhất top 30 largest shares by market value and liquidity on w88 chuẩn nhất HCM City’s bourse gained value, six declined and two ended unchanged.

Energy stocks led w88 chuẩn nhất market with most big oil and gas companies recording substantial gains, including PV Gas (GAS), up 6.3 percent; PetroVietnam Technical Services (PVS), up 7.7 percent, PetroVietnam Drilling Mud (PVC), up 6.3 percent, PetroVietnam Coating (PVB), up 9.5 percent, and PetroVietnam Southern Gas (PGS), up 4.43 percent.

Banks were another big supporter with nine of ten listed banks advancing. w88 chuẩn nhất two biggest lenders Vietcombank (VCB) and Vietinbank (CTG) increased 3.9 percent and 2.7 percent, respectively, while others increased between 0.2 percent and 5.6 percent.

In terms of a singular stock, FLC Faros Construction (ROS) was w88 chuẩn nhất biggest gainer, hitting w88 chuẩn nhất maximum daily rise of 7 percent at 146,400 VND (6.42 USD) a share. Dairy giant Vinamilk (VNM) was up 4.1 percent and real estate firm VinGroup (VIC) advanced 5.4 percent.

Shares of brewer Sabeco (SAB) ended flat at 309,200 VND per share, a 3.4 percent discount of w88 chuẩn nhất average winning price of 320,000 VND at w88 chuẩn nhất auction of more than 343.6 million shares, or 53.59 percent of Sabeco’s capital, offered by w88 chuẩn nhất Ministry of Industry and Trade on December 18 afternoon on w88 chuẩn nhất HCM Stock Exchange.

Vietnam Beverage, a unit of Thai Beverage (ThaiBev) purchased w88 chuẩn nhất entire offering.

According to BIDV Securities Co, with support from new cash flow, along with w88 chuẩn nhất end of w88 chuẩn nhất correction wave, chances are open for new investors as w88 chuẩn nhất market gradually recovers.

Liquidity was high on December 18 with nearly 309 million shares worth a combined 6.2 trillion VND (272.8 million USD) traded in w88 chuẩn nhất two markets.