Bank stocks drive up market
Bank stocks drive up market
Vietnamese shares rose further on Wednesday morning on expectations of positive corporate earnings reports from the financial-banking sector.
The benchmark VN Index on the HCM Stock Exchange edged up 0.89 per cent to close at 1.120,46 points. It inched up 0.07 per cent to close at 1,110.56 points on Tuesday.
The minor HNX Index on the Ha Noi Stock Exchange gained 0.06 per cent to end at 127.44 points.
The northern market index edged up 0.01 per cent to close at 127.36 points on Tuesday.
Nearly 251.5million shares, worth nearly VND6.5 trillion (US$283 million), were traded on the two local exchanges.
Declining stocks outnumbered the gaining ones by 229 to 197, while 123 other stocks ended flat.
The banking sector was the main support of the market, with many large-caps stock of the sector seeing growth, including Bank for Foreign Trade of Viet Nam (VCB), up 0.90 per cent; Viet Nam Joint Stock Commercial Bank for Industry and Trade (CTG), moving up 2.76 per cent; and Viet Nam Prosperity Joint Stock Commercial Bank (VPB), gaining 1.32 per cent.
The afternoon trade session starts at 1pm.
