Finance, agriculture, rubber stocks drive VN Index

Vietnamese shares advanced on Tuesday morning boosted by investor confidence in financial, agriculture and rubber industries.


The benchmark VN Index edged up 0.22 per cent to close at 971.73 points. It had gained 0.08 per cent on Monday.

The HNX Index at the Ha Noi Stock Exchange rose 0.40 per cent to end the session at 108.49 points.

Nearly 130 million shares worth VND2.6 trillion (US$115.5 million) were traded on the two bourses.

Banking, agriculture and rubber stocks drove them up in the morning with the three sectoral indices gaining between 0.9 per cent and 3.7 per cent.

Among the bank stocks to gain were Bank for Investment and Development of Vietnam (BID), Vietnam Prosperity Bank (VPB) and Vietinbank (CTG).

Hoang Anh Gia Lai (HAG) and its subsidiary HAGL Agrico (HNG) continued to gain, rising by 1.1 per cent and 3.9 per cent.

Rubber firms like Da Nang Rubber JSC (DRC) and the Southern Rubber Industry JSC (CSM) gained sharply.

The afternoon session starts at 1pm.




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