Shares maintain upward trend

Tuesday, Jul 31, 2018 12:07

Investors keep track of market movements at Bao Viet Securities. — VNS Photo Viet Thanh

Stock markets continued to grow on Tuesday morning as banking shares continued to impress the investors to keep the market on a positive course.

On the HCM Stock Exchange, the VN-Index edged up 0.74 per cent to close Tuesday morning at 956.76 points. The index rose 1.52 per cent on Monday.

Meanwhile, on the Ha Noi Stock Exchange, the HNX-Index ended down 0.55 per cent at 106.17 points. It added 1 per cent on Monday.

A total of 180.7 million shares were traded on Tuesday morning, worth VNĐ3.2 trillion (US$137 million).

The overall market breadth was negative with 188 stocks on the two exchanges advancing, 200 declining and 354 remaining unchanged.

After a rally on Monday, the market entered a new session with cautious movements. Large cap stocks’ prices had a large variation. However, during the trading session, banking stocks suddenly shot up, driving the market up.

Among the nine listed banks, Bank for Investment and Development of Viet Nam (BID), Vietcombank (VCB) and Techcombank (TCB) were the largest three gainers, up between 1 per cent and 4.6 per cent.

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

The afternoon session starts at 1pm. — VNS

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