Shares rebounded from a slump during Monday’s afternoon trade as banks regained their growing momentum on Tuesday morning, supporting the VN-Index on the HCM Stock Exchange.

The VN-Index was up 0.43 per cent at 822.99 points.

Banks led the upturn with six of seven listed lenders gaining value (except Sacombank). Eximbank (EIB) was the largest gainer, up 3.1 per cent. The Big Four (four largest banks by market value and total assets) – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB) – increased between 0.9 and three per cent each

Overall, large caps continued to support the market as 17 of the top 30 largest shares by market value and liquidity on the HCM Stock Exchange advanced and 12 declined.

Besides banks, food-beverage and real estate companies were also in positive territory, with gainers including Vinamilk (VNM), brewer Sabeco (SAB), VinGroup (VIC), FLC Faros Construction (ROS) and Novaland Investment Corp (NVL).

On the Ha Noi Stock Exchange, the HNX-Index also picked up 0.25 per cent to touch 109.58 points.

A total of 117 million shares worth nearly VND2.3 trillion (US$99.4 million) were traded on the two markets.

Afternoon trade starts at 1pm. – VNS