VN stocks extend gains in early week trading
VN stocks extend gains in early week trading
Vietnamese shares advanced on Monday morning, supported by financial companies and consumer staple firms.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.69 per cent to end at 995.76 points.
The southern market index gained nearly 4 per cent last week.
More than 127 million shares were traded on the southern bourse, worth nearly VND3 trillion (US$128 million).
Financial and consumer staple stocks were the driving factors of the stock market.
The banking, brokerage, and food and beverage sector indices gained 1.1 per cent, 1.6 per cent and 2.2 per cent, data on vietstock.vn showed.
Among gaining bank stocks were Eximbank (EIB), Vietcombank (VCB), Vietinbank (CTG) and HDBank (HDB).
Brokerage stocks that made gains included HCM City Securities Corp (HCM), VNDirect Securities Corp (VND) and Viet Capital Securities Corp (VCI).
Consumer firm Masan (MSN) and dairy producer Vinamilk (VNM) were the two large-cap firms that boosted the consumer staple industry, gaining 3.7 per cent and 2 per cent, respectively.
On the Ha Noi Stock Exchange, the HNX Index edged up 0.57 per cent to close at 107.42 points.
The northern market index inched up total 0.6 per cent last week.
More than 20 million shares were exchanged on the northern bourse, worth VND305.7 billion.
The afternoon trading session starts at 1pm.
