Shares gain on the back of banking stocks
Shares ended Monday morning on a positive note thanks to the prosperity of financial-banking stocks.
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index jumped 11.54 points, or 0.85 per cent, to 1,363.25 points. The market's breadth was positive with 222 stocks increasing while 152 stocks declined.
The market liquidity was also high as domestic investors poured over VND15 trillion into the southern market, equivalent to a trading volume of nearly 464 million shares.
The recovery was boosted by gains in large-cap stocks. The VN30-Index edged 0.67 per cent higher to 1,497.55 points. Of the VN30 basket, twenty-two stocks rose while only three slid and five stayed unchanged.
Stocks across all sectors bounced back as investors' risk appetite returned, with bank stocks still the most attractive investments.
Towards the end of the session, the VN-Index's gain was significantly strengthened as banking stocks such as Techcombank (TCB), Military Bank (MBB), Vietinbank (CTG), Sacombank (STB) and HDBank (HDB) extended their rises.
Securities stocks also made strong gains such as SSI Securities Inc (SSI), VNDirect (VND), Việt Capital Inc (VCI).
On the Ha Noi Stock Exchange (HNX), the HNX-Index jumped 1.11 per cent to 320.18 points.