The VN-Index is nearing the 710 points mark on Wednesday morning with the support of major large-cap stocks. — Photo tinnhanhchungkhoan.vn

The VN-Index is nearing the 710 points mark on Wednesday morning with the support of major large-cap stocks.

On the HCM Stock Exchange, the VN-Index rose 0.5 per cent to 709.5 points.

Eight of the 10 largest stocks by market value advanced, giving the market a boost.

Real estate shares led the upturn, with the industry index growing 1.9 per cent on average.

Large companies such as VinGroup (VIC), Kinh Bac City Development (KBC), HCM City Infrastructure Investment (CII) and Cottecons (CTD) all advanced.

Bank and financial shares also gained, including Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB), as well as private equity firm Masan Group (MSN) and insurer Bao Viet Holdings (BVH).

Market condition was positive with 139 codes rising, 107 declining and 78 remaining flat.

Nearly 82.5 million shares worth VND1.7 trillion (US$75 million) were traded on the southern market.

On the Ha Noi Stock Exchange, the HNX-Index closed morning trade nearly unchanged at 86.2 points, with nearly 23 million shares worth VND233 billion exchanged.

Afternoon trade starts at 1pm. — VNS