People watch stock movements at Bảo Việt Securities Co in Hà Nội. — VNS Photo Trương Vị

The market opened for Monday morning’s session with a strong outlook, thanks to the listed banks’ positive earnings prospects.

On the Ho Chi Minh Stock Exchange, the VN-Index added 0.57 per cent to end at 940.83 points.

On the Ha Noi Stock Exchange, the HNX-Index increased 0.63 per cent to close at 106.37 points.

Overall market condition was positive with 212 shares rising, 158 declining and 372 closing unchanged on the two exchanges.

Over 114.6 million shares worth a combined VNĐ1.9 trillion (US$83 million) were traded on the two markets this morning.

Bank stocks fueled the market rise.

Gainers included Asia Commercial Bank (ACB), JSC Bank For Investment and Development (BID), Vietinbank (CTG), Military Bank (MBB), HDBank (HDB), Techcombank (TCB), Vietcombank (VCB) and VPBank (VPB).

Other large cap stocks such as Vincom Retail (VRE), budget carrier Vietjet (VJC), Petro Vietnam Gas (GAS) and Bảo Việt Holdings (BVH) also increased and helped maintain the upward trend of the indices.

The afternoon session starts at 1pm. – VNS