Vietnam: Oil pushes VN Index up again

Vietnam: Oil pushes VN Index up again

Wednesday, 10 August 2016 – Vietnamese shares advanced yesterday as the oil sector was boosted by a positive trend in global oil prices.

The benchmark VN Index on the HCM Stock Exchange rose 1.3 per cent to finish at 637.34 points, extending a gain of 1.6 per cent for a second day.

The HNX Index on the Hà N?i Stock Exchange rebounded 0.8 per cent from a six-day slide of 3.2 per cent to close at 81.67 points.

The oil sector yesterday led the gainers as oil prices did well to bounce back from intraday-trading lows.

US crude West Texas Intermediate (WTI) was traded at US$43 a barrel, up very slightly from Monday’s closing price of $42.99 a barrel, after having fallen 1.1 per cent during the session. Read More?