Banking stocks support markets’ recovery

The gauge of 271 companies and five mutual funds restored 0.78 per cent, or 3.82 points, to close at 493.47 points.

On the benchmark, 77 stocks advanced, 146 fell, while 53 were unchanged.

Trading volume on the city bourse remained on high level. Around 95.68 million shares changed hands at a value of VND2.18 trillion.

Saigon Thuong Tin Commercial Bank or Sacombank (STB) became the most active share on the benchmark with 9.16 million shares changing hands, followed by Tan Tao Investment Industry Corporation (ITA) with 6.06 million shares.

Saigon Securities Inc. (SSI), the country’s largest brokerage, came next with 5.39 million shares traded.

Vinafco Joint Stock Corporation (VFC) increased for five consecutive days, gaining 4.97 per cent to VND19,000.

Vietnam Joint Stock Commercial Bank for Industry and Trade or Vietinbank (CTG) surged for the fourth straight day, emerging 4.95 percent to VND21,200.

Hanoi-based technology company CMC Corporation (CMG) revived 4.92 per cent to trade at VND19,200.

Tay Bac Minerals Investment Joint Stock Company (KTB), Saigon Beverages Joint Stock Company (TRI), and Viet - Han Corporation (VHG) all plunged the daily maximum allowed limit of 5 per cent to VND24,700, VND5,700, and VND17,100 respectively.

Vien Dong Investment Development Trading Corporation (VID) sank the second day, losing  4.96 per cent to VND11,500.

Vimedimex Medi – Pharma Joint Stock Company (VMD) eroded 4.92 per cent to VND30,900.

The smaller bourse on the north also performed well as the Hanoi’s HNX-Index climbed 0.83 per cent, or 0.99 points, to close at 120.6 points. Trading volume sharply dropped over the previous trading session as just nearly 79 million shares changed hands at VND1.55 trillion.

Meanwhile, the UPCom-Index also added up by 0.19 points to 42.19 points this morning. A total of 216,534 shares changed hands at a value of VND2.9 billion.