VN shares advance in post-election stage
VN shares advance in post-election stage
Vietnamese shares advanced on Monday morning as market sentiment turned positive following the US presidential election.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.95 per cent to 947.25 points.
The index increased by a total of 1.38 per cent last week but market trading was hobbled in the last four days as investors were cautious ahead of the results of the US presidential election.
Financial-banking stocks were the main boost on the market in the morning session.
The banking, insurance and brokerage sector indices gained 1.0-2.4 per cent, according to vietstock.vn.
Other strongly-increasing industries included technology, retail, materials, and seafood processing.
By market value, the large-cap tracker VN30-Index rose 1.08 per cent to 912.65 points.
The mid-cap and small-cap trackers also gained 1.55 per cent and 1.19 per cent, respectively.
On the Ha Noi Stock Exchange, the HNX-Index soared 1.11 per cent to 140.86 points.
The northern market index was up total 2.93 per cent last week.
More than 250 million shares were traded on the two exchanges, worth VND4.55 trillion (US$196 million).
The afternoon trading session starts at 1pm.
