Vietnam’s benchmark VN Index closed up 0.44 per cent on Friday, as gains in some big-caps boosted the market the fourth consecutive time to surpass a multi-month high touched in the previous session.
Friday’s gain brought this month’s rally so far to 2.96 per cent, lower than the 5.8-per cent rise in January, while boosting the index to a fresh closing high in two-and-a-half months, Reuters data showed.
Dairy product maker Vinamilk, Vietnam’s second biggest firm by market value, led the advancers to tick up 0.95 per cent, while food producer Masan Group increased 1.2 per cent after posting a 56-per cent rise in net profit last year.
Volume on the last day before a long market break stood at 73.8 million shares, slightly below the five-day average of 75.9 million, Reuters data showed.
Vietnam’s markets will be closed from February 16-23 for the Lunar New Year holiday. Trading will resume on February 24.