Financial stocks lift local markets
Financial stocks lift local markets
Both market indices rose on Thursday morning, backed by the growth of large-cap stocks, particularly the financials.
The VN Index on the HCM Stock Exchange was up 0.44 per cent at 772.45 points.
On the Ha Noi Stock Exchange, the HNX Index also gained 0.44 per cent to close at 98.78 points.
Blue chips led the upturn, with 23 of the top 30 largest shares by market value and liquidity on the main bourse in HCM City advancing.
Big banks and securities firms, including BIDV (BID), Military Bank (MBB), Vietcombank (CTG), Vietinbank (CTG), Saigon Securities Inc (SSI), HCM Securities Corp (HCM) and BIDV Securities Co (BIS), gained between 0.4 per cent and 2.7 per cent.
Other sector-leading companies such as PV Gas (GAS), VinGroup (VIC), FPT Corp (FPT), Masan Group (MSN), Kinh Bac City Development (KBC), Kido Group (KDC), Hoa Phat Goup (HPG) and Mobile World Group (MWG) also performed well.
The overall market condition was positive, with 204 stocks rising, 180 declining, and 324 remaining unchanged on the two exchanges.
A total of 148 million shares worth a combined VND2.4 trillion (US$105.7 million) were traded in the two markets.
The afternoon session starts at 1pm.
