Bank stocks lift market
Bank stocks lift market
The market rose this morning as most of the bank shares recovered and the market liquidity increased.
Both local bourses traded 81.8 million shares in all, worth VNF1.34 trillion (US$62 million), with a balance being maintained between the gainers and losers.
On the HCM Stock Exchange, the VN-Index inched up 0.54 per cent to stand at 619.94 points.
Five of six bank shares improved their market values. Only Eximbank (EIB) declined by VND200, or 1.42 per cent, to stand at VND13,900 per share.
Other key sectors also had a bad trading session, especially insurers such as BIDV Insurance Corporation (BIC) and Bao Viet Holdings (BVH), which decreased their floor values.
However, blue chips such as Ma San Group Corporation (MSN), Hoa Phat Group Joint Stock Company (HPG) and Viet Nam Dairy Products Joint Stock Company (VNM) boosted the market.
HPG was also one of the two most active codes, with Thanh Thanh Cong Tay Ninh Joint Stock Company (SBT), with more than three million of its shares being traded.
On the Ha Noi Stock Exchange, the HNX Index added 0.59 points to temporarily stand at 85.42 points.
Most large securities shares improved to raise the market condition, while gas shares continued to fall due to negative reports about the sector.
Sai Gon Thuong Tin Real Estate JSC (SCR) was the most active code, with 3.5 million of its shares being traded, gaining 2.33 per cent in market value.
The afternoon session will start at 1pm.
