Viet Nam’s benchmark VN-Index broke the 1,000-point landmark on Wednesday morning, up 1.1 per cent, on the consensus of large-cap stocks.

This is the highest record since November 9, 2007.

Twenty-two of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange gained and only five declined.

The two biggest food-beverage companies – Vinamilk (VNM) and Sabeco (SAB) – climbed 1.7 per cent and 2.7 per cent, respectively.

Banks continued their upward trend but their growth slowed down, with five of seven listed banks on the HCM City’s exchange rising 0.2-1.6 per cent each.

Other influential gainers included VinGroup (VIC), up 3.2 per cent, PV Gas (GAS), up 2 per cent and Masan Group (MSN), up 4.9 per cent.

On the Ha Noi Stock Exchange, the HNX-Index was up 0.27 per cent at 119.18 points.

The overall market condition was negative, however, with 215 stocks rising, 233 falling and 275 remaining unchanged on the two bourses.

A total of 196 million shares, worth a combined VND4.8 trillion (US$211 million), were traded in the two markets.

The afternoon trade session starts at 1pm. — VNS