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| The benchmark VN Index on the HCM Stock Exchange rose 1.1 per cent to close at 567.63 points. — VNS Photo Gia Vi |
HA NOI (Bizhub) — Vietnamese shares extended their gains on both local markets this morning, led by banks.
The benchmark VN Index on the HCM Stock Exchange rose 1.1 per cent to close at 567.63 points, and the HNX Index on the Ha Noi Stock Exchange inched up 0.3 per cent to end at 79.19 points.
The four largest banks that rose were Vietcombank (VCB), which added 1.4 per cent; the Bank for Investment and Development of Vietnam (BID) that gained 2.8 per cent; Vietinbank (CTG), which was up 1.1 per cent; and Sacombank (STB), which leaped 0.9 per cent.
Insurance firms also had a good morning. Bao Viet Holdings (BVH) gained 2.8 per cent, BIDV Insurance Corporation (BIC) improved by 1.9 per cent, and Bao Minh Insurance Corporation (BMI) was up 0.8 per cent.
Large-cap stocks such as dairy firm Vinamilk (VNM), food and beverage producer Masan Group (MSN) and PetroVietnam Gas Corporation (GAS) also helped to boost the markets.
VNM edged up 0.7 per cent, MSN added 1.3 per cent and GAS rose 1.6 per cent.
Mining stocks attracted a lot of investor attention. Bac Giang Exploitable Mineral JSC (BGM) was the most attractive stock, with more than 8.2 million of its shares being traded.
Both local markets traded 123 million shares, worth VND1.68 trillion ($74.8 million). — VNS