Stock markets propelled by real estate, banking sectors

July 09, 2020 | 14:33

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Vietnamese shares soared on Thursday morning, driven by banking and real estate sectors.

stock markets propelled by real estate banking sectors

Trading boards at VNDirect Securities Corp. Vietnamese shares increased sharply on Thursday morning, driven by banking and real estate companies.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 1.19 per cent to close at 874.80 points.

The VN-Index had increased by total 2.63 per cent in the previous four straight days.

Shares of banks and real estate companies boosted the stock market with the two sector indices expanding 0.7 per cent and 1.0 per cent, according to vietstock.vn.

The best gainers in the two industries included Military Bank (MBB), HDBank (HDB), Techcombank (TCB), VPBank (VPB), Sacombank (STB), Vietcombank (VCB), Vingroup (VIC) and Vinhomes (VHM).

Brewery firm Sabeco (SAB), dairy producer Vinamilk (VNM) and Masan (MSN) rose 0.4-6.5 per cent to drive the consumer staples sector up.

Those companies also boosted the large-cap tracker VN30-Index up 1.09 per cent to 813.87 points.

Mid-cap and small-cap stocks were also upbeat as the two indices advanced 1.31 per cent and 0.96 per cent.

On the Ha Noi Stock Exchange, the HNX-Index added 1.05 per cent to end Thursday morning at 115.57 points.

The northern market index had rallied total 2.53 per cent in the previous three trading days.

More than 179.6 million shares were traded on the two exchanges, worth VND2.65 trillion (US$115 million).

The afternoon trading session starts at 1pm.

VNA

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