Large-cap, oil & gas stocks boost VN-IndexVN-Index rose sharply on May 14, driven by large-cap stocks and oil & gas shares, despite low liquidity and foreign investors’ continued net selling. In the VN30 basket, measuring the 30 largest stocks by market capitalisation on the HOSE, up to 25 stocks witnessed price increases while only two stocks dropped. Oil and gas shares fluctuated in line with global oil prices in the beginning of the week when such stocks as PLX, BSR, POW, PVB, PVS, PVC and PVD ended in green. Total transaction value of the market reached only more than 4.7 trillion VND (207 million USD). Both the HOSE and HNX recorded net selling by foreign investors, which sold more than 1.05 million shares worth over 93.69 billion VND (nearly 4.13 million USD) on the HOSE and 124,090 shares worth 4.03 billion VND (177,320 USD) on the HNX.-VNA

Source: VietNamNet News May 14, 2018 12:00 UTC