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Shares continue to rise on bank stocks
Shares continued to gain on Friday morning thanks to strong support from the banking stocks.
On the Ho Chi Minh Stock Exchange, the VN-Index edged up 0.38 per cent to 1,019.24 points. The benchmark index the VN-Index increased 0.57 per cent to close at 1,015.37 points on Thursday.
On the Ha Noi Stock Exchange, the HNX-Index inched up 0.82 per cent at 117.03 points. It added 0.44 per cent to end at 116.08 points on Thursday.
The market breadth was negative with 215 stocks rising, 222 declining and 307 closing unchanged on the two exchanges.
A total of 158 million shares worth combined VNĐ3.3 trillion (US$142 million) were traded in the two markets.
The large-cap VN30 Index gained 0.63 per cent to stand at 995.69 points.
On a sector basis, mining, banking, insurance and securities companies were the main driving factors for the stock market on Friday morning.
Other sectors that also performed well included construction material and retail.
Bank stocks rallied across the board with gainers including the Joint Stock Bank for Investment and Development (BID), Vietinbank (CTG), Vietcombank (VCB), VPBank (VPB) and Military Bank (MBB).
The afternoon trading starts at 1pm.
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