Tech, banking and building stocks lift the market

Tuesday, Feb 11, 2020 12:38

The sign of construction firm Coteccons at one of the firm's projects. The company's stock was among the large-caps that pushed the market up. - Photo

Vietnamese shares advanced on Tuesday morning as banks, technology businesses construction firms bounced back on strong purchases.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.40 per cent to close at 934.47 points.

The VN-Index dropped 1.07 per cent on Monday.

More than 97 million shares were traded on the southern bourse, worth VND1.55 trillion (US$66.4 million).

The market breadth was positive as gaining stocks outnumbered decliners by 185 to 128.

Banks, tech companies and construction firms were the major driving force of the stock market.

The three sector indices grew between 1.4 per cent and 1.5 per cent, according to

Large-cap stocks in the three industries saw shares increase strongly.

Among top gainers were constructors FLC Faros (ROS) and Coteccons (CTD), tech group FPT (FPT) and lenders such as Vietinbank (CTG), BIDV (BID) and Sacombank (STB).

Large-cap stocks also boosted their tracker VN30-Index up 0.54 per cent to 857.44 points and spread positive impact out across the bourse.

Mid-cap and small-cap trackers VNMID-Index and VNSML-Index increased by 0.31 per cent and 0.35 per cent.

On the Ha Noi Stock Exchange, the HNX-Index edged up 0.40 per cent to end at 104.38 points.

The HNX-Index had lost a total of 1.77 per cent on Monday and Friday.

More than 17 million shares were traded on the northern bourse, worth VND183.6 billion.

The afternoon trading session starts at 1pm. – VNS

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