Bank, petro stocks extend growth, market mixed

Tuesday, Jan 22, 2019 12:20

Vietnamese shares experienced strong volatility on Tuesday morning, while banks and petro firms extend growth to support the market’s uptrend. — Photo

Vietnamese shares ended Tuesday morning’s session on a mixed note while banks and petroleum stocks continued rising.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.12 per cent to close at 912.15 points.

The southern market index gained nearly 1 per cent on Monday.

The HNX Index on the Ha Noi Stock Exchange fell 0.22 per cent to finish at 103.14 points.

The northern market index increased by 1.78 per cent in the previous session.

More than 95 million shares were traded on the two exchanges, worth VND1.58 trillion (US$68.2 million).

Banks and petro firms extended growth to support the market. The two sectors were up 0.5 per cent and 0.6 per cent, data on showed.

Among the banking stocks that made strong gains were Eximbank (EIB), Vietinbank (CTG) and HDBank (HDB). Eximbank and HDBank will be added to the large-cap VN30 basket on February 4.

Among petroleum stocks, PetroVietnam Drilling and Well Services (PVD) and PetroVietnam Power (POW) rose 4.7 per cent and 2.3 per cent.

Securities stocks also lured investors’ attention on Tuesday morning. The sector was driven up by Artex Securities (ART), HCM City Securities (HCM) and BIDV Securities (BSI).

The afternoon trading session starts at 1pm. – VNS

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