Brokerages, banks lift markets

Tuesday, May 26, 2020 12:10

HCM City Securities staff. Vietnamese shares advanced on Tuesday morning, led by brokerage firms. — Photo

Shares edged up on Tuesday morning, led by financial and banking companies.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.59 per cent to end at 864.15 points.

The VN-Index rose 0.74 per cent on Monday.

The HNX-Index on the Ha Noi Stock Exchange increased by 0.48 per cent to close at 109.67 points.

The northern market index soared 1.97 per cent in the previous day.

More than 230 million shares were traded on the two exchanges, worth VND3.42 trillion (US$147 million).

Shares of securities firms and banks were the major driving factor of the stock market.

The two sector trackers went up 2.9 per cent and 1.4 per cent, respectively.

Gainers in the two industries included SSI Securities (SSI), HCM City Securities (HCM), VNDirect Securities (VND), Bank for Investment and Development of Vietnam (BID), and Asia Commercial Bank (ACB).

Large-cap stocks also performed well to boost the market.

The large-cap tracker VN30-Index moved up 0.44 per cent with two-thirds of the 30 largest shares by market capitalisation and trading liquidity on the southern bourse advancing.

The afternoon trading session starts at 1pm. – VNS

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