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VN stocks up slightly, lifted by real estate firms
Vietnamese shares gained slightly on Thursday morning, boosted by property developers.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) inched up 0.27 per cent to close at 978.56 points.
The southern market index advanced 0.63 per cent on Wednesday.
More than 120.5 million shares were traded on the southern bourse, worth VND2.12 trillion (US$91.3 million).
The property development industry was the main driving force in early trading as its index gained 0.9 per cent, the highest among 20 sectors, data on vietstock.vn showed.
Real estate gainers on the southern bourse included DRH Holdings JSC (DRH), Khang Dien House Trading and Investment JSC (KDH), Vinhomes (VHM) and Vingroup (VIC).
Of the 10 bank stocks listed on HoSE, only the Bank for Investment and Development of Vietnam (BID), Vietcombank (VCB) and TPBank (TPB) advanced.
The three bank stocks were up between 1 per cent and 1.7 per cent, boosting the sector amidst an underperformance from others such as Techcombank (TCB), Military Bank (MBB) and VPBank (VPB).
On the opposite side, brokerage firms saw their shares decline on lower liquidity while petroleum firms suffering from a drop in oil prices on Wednesday.
On the Ha Noi Stock Exchange, the HNX-Index fell 0.34 per cent to end at 107.19 points.
The northern market index had gained 1.08 per cent on the previous two trading days.
More than 12.7 million shares were traded on the northern bourse, worth VND208 billion.
The afternoon trading session starts at 1pm.
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