Banks, real estate firms return to lift VN Index
 |
| Shares rose further on the HCM Stock Exchange on Friday morning, led by banks and property firms. |
The benchmark VN Index added 0.35 per cent to close at 831.86 points. It gained 0.15 per cent on Thursday.
Some 92 million shares were traded on the southern bourse, worth VND2.37 trillion (US$105.6 million).
Market breadth was negative with 102 stocks gaining, 143 declining and 53 ending flat.
Bank stocks returned to lift the southern market with five of the seven listed banks on the HCM Stock Exchange advancing.
The gainers included Vietcombank (VCB) and Bank for Investment and Development of Viet Nam (BID), which increased by 0.9 per cent each.
Among property stocks that made gains were Kinh Bac City Development Holding Corp (KBC), Hoang Quan Real Consulting-Trading-Service Real Estate (HQC) and Vingroup (VIC).
However, market growth is considered unstable as investor confidence on the market's prospects could decline towards to the end of the trading day.
On the Ha Noi Stock Exchange, the HNX Index was down 0.21 per cent to end at 108.85 points.
It fell a total of 0.7 per cent in the previous two sessions.
Some 22 million shares were exchanged on the northern bourse, worth VND225.8 billion.
The afternoon trading session starts at 1pm.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
Latest News
More News
- F88 partners with MB to transform over 850 financial stores into bank offices (December 17, 2024 | 18:04)
- Obstacles to stock-market upgrade to be removed (December 17, 2024 | 11:29)
- Vietnam seizes opportunities amid global trade shifts (December 16, 2024 | 18:00)
- Long-term perspective remains optimal approach (December 16, 2024 | 14:26)
- Fiscal measures to be based on upcoming US status (December 16, 2024 | 10:09)
- PetroVietnam accelerates divestment from PVI (December 16, 2024 | 06:59)
- Techcombank proactive with ESG and sustainability (December 14, 2024 | 10:00)
- VAT cut set to continue on through to summer (December 14, 2024 | 09:00)
- BIWASE Long An issues Vietnam's first AAA-rated bonds worth $27.6 million (December 13, 2024 | 20:22)
- Citi hosts Vietnam Day for Hong Kong clients (December 13, 2024 | 14:21)
Latest News
Mobile Version