Financial stocks lift the market
Shares closed Monday’s morning trade in a positive zone on the growth of financial stocks.
Shares closed Monday’s morning trade in a positive zone on the growth of financial stocks.
The VN-Index on the HCM Stock Exchange was up 0.11 per cent to 808.67 points.
On the Ha Noi Stock Exchange, the HNX-Index increased 0.47 per cent to 108.49 points.
Nine of the 10 listed banks gained value, with the Big Four (four largest banks by market value and assets) – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB) – rising between 0.5 and 1.1 per cent.
Only Nam Viet Bank (NVB) remained unchanged.
Big securities companies such as Saigon Securities Inc (SSI), HCM Securities Corp (HCM), VNDirect Securities (VND) and MB Securities (MBS) also added value.
On the defensive side, many large-cap stocks sank in the red and weighed on the market, including Vinamilk (VNM), VinGroup (VIC), Bao Viet Holdings (BVH), Masan Group (MSN) and FPT Corp (FPT).
Liquidity was modest with a total of 118.4 million shares worth over VND2.4 trillion (US$105.7 million) being traded in the two markets.
The afternoon trade session starts at 1pm. — VNS
