Realty stocks lift market indices

Thursday, Oct 08, 2015 12:42

Shares gained values this morning with strong growth of real estate stock. — Photo

HA NOI (Biz Hub) — Shares advanced this morning after a short pause yesterday, driven by strong growth of realty stocks.

The benchmark VN-Index on the main bourse in HCM City rose 0.9 per cent to close at 584.8 points.

On the secondary exchange in Ha Noi, the HNX Index increased 0.8 per cent to end at 80.4 points.

Real estate companies were attracting great attention as many of the realty stocks climbed strongly this morning.

Stocks such as Tan Tao Investment Industry (ITA), Kinh Bac City Development (KBC), An Duong Thao Dien Co (HAR) and Ninh Van Bay Travel Real Estate (NVT), besides Tu Liem Housing Urban Development (NTL) jumped between two per cent and six per cent.

Military Bank (MBB) was also one of the most notable stocks this morning, as foreign investors bought more than 40.5 million shares, worth VND643.7 billion (US$28.6 million). Today was the first day that the foreign holding in this lender rose to 160 million shares, equivalent to 10 per cent of its total outstanding shares after the bank issued an additional 405.8 million shares.

Overall, almost 135 million shares worth almost VND2.1 trillion ($93.3 million) were traded on the two markets by the end of this morning.

The afternoon session will begin at 1pm. — VNS

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