ASEAN HEADLINES-ECONOMY: HÀ NỘI – Price growth slows down
Market closes higher on rising demand in afternoon trade
HÀ NỘI — Shares inched higher in the last session of the week, with the VN-Index continuing to set a new peak.
On the Hồ Chí Minh Stocks Exchange (HoSE), the market benchmark VN-Index rose 6.26 points, or 0.44 per cent, to 1,444.27 points, marking the highest level since the market was founded. The index gained for the fourth session and consecutively broke new record highs.
The market’s breadth was negative, while the liquidity was higher than yesterday. Accordingly, over 981.8 million shares were traded on the southern bourse, worth more than VNĐ28.87 trillion (US$1.3 billion).
The benchmark struggled as selling pressure rose in the late morning, causing many large-cap stocks to fall. However rallies extended in the afternoon session as risk appetite improved, outweighing selling force and helping big stocks to tick higher
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