Stocks advance on hopes for better-than-expected Q3 earnings
Stocks advance on hopes for better-than-expected Q3 earnings
Shares rose further on the HCM Stock Exchange, driven by the industries that are expected to release better-than-expected third-quarter earnings reports.
The benchmark VN Index gained 0.31 per cent to close at 808.19 points, extending from a nearly one per cent increase on Wednesday.
More than 83.6 million shares were traded on the southern market, worth VND1.87 trillion (US$82 million).
Stocks on the southern bourse were boosted by banks, property developers, brokerages and food and beverage producers on investors' expectation of high quarterly earnings reports.
In the banking sector, Vietcombank (VCB), Vietinbank (CTG) and VPBank (VPB) gained 0.3 per cent, 1.1 per cent and 2.1 per cent, respectively.
Among the gaining real estate shares were FLC Group (FLC), An Duong Thao Dien Co (HAR), Vingroup (VIC) and Phat Dat Real Estate Co (PDR).
The food and beverage sector was boosted by Masan Group (MSN), which jumped 3.3 per cent, while Saigon Securities Inc (SSI) and Agribank Securities (AGR) lifted the brokerage industry.
The HNX Index on the Ha Noi Stock Exchange edged up 0.19 per cent to end at 107.63 points. It gained 0.84 per cent on Wednesday.
More than 33.7 million shares were exchanged on the northern market, worth nearly VND349 billion.
