Shares up on property and bank stocks

March 27, 2018 | 13:12

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The benchmark VN Index rose sharply on Tuesday morning as real estate stocks remained upbeat and banks performed strongly as well.

The benchmark VN Index rose sharply on Tuesday morning as real estate stocks remained upbeat and banks performed strongly as well. - Photo cafef.vn

The VN Index on the HCM Stock Exchange advanced 0.68 per cent to close at 1,179.15 points, beating last Thursday's record high of 1,175.62 points. The Index gained 1.53 per cent to close at 1,171.22 points on Monday.

The HNX Index on the Ha Noi Stock Exchange dropped 0.02 per cent to end at 133.64 points. It also decreased 1.62 per cent to end at 131.88 points in the previous session.

More than 173.5 million shares, worth VND4.1 trillion (US$181 million), were traded on the two local bourses.

Market breadth was quite balanced, with 216 gaining shares, 205 declining ones and 316 stocks ending flat.

The UPCoM Index on the Unlisted Public Company Market increased 0.42 per cent to stand at 60.28 points. The index gained 1.19 per cent to end at 60.03 points in the previous session.

Banking stocks drove the market up, with Bank for Investment and Development of Viet Nam, Vietinbank, Military Bank and VPBank rising across the board.

Besides this, among the strongest gaining property developers were Vingroup (VIC), Development Investment Construction JSC (DIG), Dat Xanh Real Estate Service & Construction Corporation (DXG) and No Va Land Investment Group Corporation (NVL), up between 0.26 and 5.74 per cent.

Large-cap stocks performed well, as 19 of the 30 largest stocks by market capitalisation in the VN30 Index increased, pulling the large-cap index up 0.84 per cent to 1,156.37 points.

The afternoon trading session starts at 1pm.

VNA

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