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VN-Index edges higher despite falls in banking sector
Shares continued to rise on Thursday morning as real estate and materials sectors gained, offsetting plunges in bank stocks.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 0.15 per cent to 1,257.72 points despite the market breadth turning negative. In the morning trade, 151 stocks climbed while 278 stocks declined.
The market's liquidity was lower than yesterday with over 486.65 million shares traded, worth over VND11.8 trillion.
The VN30-Index also posted gains this morning, up 0.16 per cent to 1,292.8 points. Twenty-two stocks of VN30 basket fell while only eight stocks increased.
Bank stocks fell deep this morning with many big names like Vietcombank (VCB), Vietinbank (CTG), Techcombank (TCB), VPBank (VPB) and MBBank (MBB) witnessing losses.
However, the losses were capped by gains in real estate and materials sectors. Of which, Vingroup JSC (VIC) was the biggest gainer in the morning session, up 1.79 per cent. Followed by Vinhomes JSC (VHM), No Va Land Investment Group Corporation (NVL) and Hoa Phat Group (HPG).
On the Ha Noi Stock Exchange (HNX), the HNX-Index gained 0.31 per cent to 295.74 points while the HNX30-Index declined by 0.6 per cent.
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