Ho Chi Minh Times

Saturday, May 18, 2024

Vietnamese Markets Surge, Led by Food and Beverage and IT Sectors

Positive Momentum Continues as Key Sectors Drive Growth
Vietnamese markets experienced a bullish trend on Thursday, propelled by significant gains in the food and beverage and IT sectors. The positive momentum was reflected in the impressive performance of key stock indices, marking another day of robust trading activity.

The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) climbed 0.57 percent to close at 1,216.36 points, with notable contributions from the VN30-Index, which rose by 0.54 percent to reach 1,247.21 points. This uptick in major indices underscored the overall positive sentiment among investors.

The food and beverage sector emerged as a standout performer, with companies like Vinamilk, Sabeco, and Masan Group Corporation witnessing increased investor interest and robust trading activity. Similarly, the IT sector experienced a notable uptick, fueled by strong buying interest in companies involved in software development and technology infrastructure.

While certain sectors experienced gains, others faced losses, notably in the oil and gas segment. Nevertheless, overall market sentiment remained buoyant, reflecting investors' confidence in the resilience of the Vietnamese economy.

The positive performance of Vietnamese markets underscores the country's economic resilience and the confidence of investors in its long-term growth prospects. As sectors like food and beverage and IT continue to drive momentum, the outlook remains optimistic for the days ahead.
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