Property and bank stocks boost markets
Property and bank stocks boost markets
Vietnamese shares advanced in the early session, led by banks and real estate companies.
The benchmark VN Index on the HCM Stock Exchange rose 1.5 per cent to close at 668.72 points.
The HNX Index on the Ha Noi Stock Exchange ended at 87.12 points, up 0.9 per cent from the previous day.
The real estate sector was the strongest gainer in the early session, led by Vinaconex Investment and Tourism Development JSC (VCR) and Tan Tao Industrial Investment JSC (ITA). They surged 7.1 per cent and 4.8 per cent, respectively.
Other property stocks such as Vingroup JSC (VIC), Kinh Bac City Development Share Holding Corp (KBC) and FLC Group (FLC) also advanced.
VIC and FLC jumped 4.8 per cent and 3.4 per cent, respectively, and KBC added 1.2 per cent.
Vietcombank (VCB and Vietinbank (CTG) maintained their good form after announcing higher year-on-year profits in the second quarter.
VCB soared 4.6 per cent and CTG increased by 2.3 per cent.
The Bank for Investment and Development of Viet Nam (BID) and Sai Gon-Ha Noi Bank (SHB) were up 1.1 per cent and 1.6 per cent, respectively.
Investors exchanged more than 142.3 million shares, worth VND2.32 trillion (US$103.2 million).
