Vietnamese shares posted strong growth on Friday morning, thanks to positive sentiment in bank stocks. - Photo tinnhanhchungkhoan.vn

Vietnamese shares posted strong growth on Friday morning, thanks to positive sentiment among investors.

The benchmark VN Index on the HCM Stock Exchange (HOSE) expanded 0.96 per cent to close at 1.14973 points. The index gained 0.06 per cent on Thursday.

The HNX Index on Ha Noi Stock Exchange (HNX) climbed 1.08 per cent to end at 132.71 points. It advanced 0.66 per cent on Thursday.

More than 184.9 million shares, worth VND4.7 trillion (US$209.6 million), were traded on the two local bourses.

Market breadth was positive with 213 gaining shares, 207 declining ones and 313 stocks ending flat.

The UPCoM Index on the Unlisted Public Company Market gained 0.23 per cent to stand at 61.72 points. The index inched up 0.47 per cent in the previous session.

Banking stocks still maintained support for the market with JSC Bank for Investment and Development of Viet Nam (BID) increasing significantly, up 2.9 per cent.

Notably, other bank stocks such as Vietcombank (VCB), Vietinbank (CTG), MBBank (MBB) and VPBank (VPB) rose across the board, supporting the uptrend of the two indices.

Large-cap stocks performed well, as 17 of the 30 largest stocks by market capitalisation in the VN30 Index gained, pulling the large-cap index up 0.55 per cent to 1.11637 points.

Stocks in the VN30 basket also experienced strong growth, with many prominent stocks rallying, including dairy firm Vinamilk (VNM), property developer Vingroup (VIC), Masan Group Corporation (MSN), PetroVietnam Gas Joint Stock Corporation (GAS) and DHG Pharmaceutical Joint Stock Company (DHG).

The afternoon trading session starts at 1pm. — VNS