Realty, banking drives VN-Index up
Shares of banks and property developers were the main factors that pushed the southern index up during the morning session.
Vietnamese shares ended Tuesday morning on a positive note, driven by banking and real estate companies.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.39 per cent to close at 989.57 points after falling 0.47 per cent on Monday.
More than 82 million shares were traded on the southern bourse, worth VND1.6 trillion (US$69 million).
Shares of banks and property developers were the main factors that pushed the southern index up during the morning session.
The two sectors' indices were up 0.7 per cent and 0.9 per cent, data on vietstock.vn showed.
The industries were boosted the growth of Vietcombank (VCB), Bank for Investment and Development of Vietnam (BID), Vingroup (VIC) and Novaland (NVL).
Those four stocks were also among the large-caps that advanced and lifted the large-cap VN30-Index up 0.22 per cent.
Other large-cap gainers included dairy firm Vinamilk (VNM), brewer Sabeco (SAB), PetroVietnam Gas (GAS) and tech group FPT Corporation (FPT).
Mid-cap and small-cap indices also progressed by 0.10 per cent and 0.03 per cent.
On the Ha Noi Stock Exchange, the HNX-Index inched up 0.06 per cent to end at 104.45 points.
The northern market gained 0.23 per cent on Monday.
Nearly 13 million shares were traded on the exchange, worth VND156.5 billion.
The afternoon trading session starts at 1pm. – VNS
