A huge cash flow into banking and securities shares in the final minutes of Tuesday’s session on the local stock exchanges drove shares up, with the VN-Index finally exceeding the short-term peak of 1,130 points.
Securities shares are expected to lead the market this week following
Decree 60 which allows foreign investors to increase their stakes in
Vietnamese public listed companies, according to analysts.
Sacombank''s (STB) profit last year declined due to large provisions, mainly for its subsidiary Sacombank Securities (SBS), the bank said yesterday during its shareholder meeting.
