VN shares recover, banks and brokerages make gains

Friday, Aug 21, 2020 12:17

Financial-banking stocks kept increasing on Friday morning to lift the market up. — Photo

Local shares advanced on Friday morning, driven by financial-banking sectors.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange added 0.46 per cent to end at 852.07 points.

The VN-Index dropped 0.35 per cent on Thursday.

The banking and brokerage sectors kept boosting the market as they gained 0.7 per cent and 1.4 per cent, respectively.

The strongest-gaining stocks in the two industries included VietCapital Securities (VCI), HCM City Securities (HCM), SSI Securities (SSI), Vietinbank (CTG), VPBank (VPB), Techcombank (TCB) and Bank for Investment and Development of Vietnam (BID).

Other large-caps also performed well. The blue-chip tracker VN30-Index rose 0.57 per cent to 790.63 points.

Cash kept flowing strongly into mid-cap and small-cap stocks, pulling the two trackers up 0.91 per cent and 0.83 per cent.

On the Ha Noi Stock Exchange, the HNX-Index increased by 0.34 per cent to close Friday morning at 121.59 points.

The northern market index had gained total 3.55 per cent in the previous two trading days.

More than 174 million shares were traded on the two exchanges, worth VND2.89 trillion (US$125 million).

The afternoon trading session starts at 1pm. — VNS

Comments (0)