Banks, consumer companies boost VN market

August 12, 2020 | 14:42

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Vietnamese shares gained slowly on Wednesday morning, driven by banking and consumer staples sectors.

banks consumer companies boost vn market

BIDV branch in Yen Bai Province. The lender's shares gained 1.2 per cent on Wednesday morning.-VNA/VNS Photo Tuan Anh

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.15 per cent to close at 844.33 points.

The VN-Index slid 0.01 per cent on Tuesday.

The market was driven by bank and consumer industries, which rose 0.2 per cent and 0.4 per cent, according to vietstock.vn.

Among bank stocks, Bank for Investment and Development of Vietnam (BID) gained 1.2 per cent, Military Bank (MBB) was up 1.8 per cent, and Vietinbank (CTG) edged up 0.4 per cent.

The consumer industry was boosted by positive performance of brewer Sabeco (SAB), PAN Group (PAN) and dairy producer Vinamilk (VNM), which advanced between 0.3 per cent and 0.9 per cent.

On the opposite side, securities firms, retailers, construction companies and aquatic producers weighed on the market.

The four sector indices were down between 0.2 per cent and 1.0 per cent.

On the Ha Noi Stock Exchange, the HNX-Index fell 0.40 per cent to end Wednesday morning at 115.84 points.

The northern market index had gained total 3.12 per cent in the previous two trading days.

Nearly 182 million shares were traded on the two exchanges, worth VND2.82 trillion (US$121 million).

The afternoon trading session starts at 1pm.

VNA

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