Retail, banking give boost to local market

15:06 | 02/11/2020
Vietnamese shares inched up on Monday morning as retailers and banks’ stocks progressed amid caution over the US presidential election.
retail banking give boost to local market
Investors watch stocks on projector screens. Local markets advanced slightly on Monday morning on the back of retailers and banks.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.17 per cent to 927.07 points.

The VN-Index fell a total of 3.72 per cent last week.

The retail and banking sectors advanced to lift the market up.

The two industry indices rose 0.9 per cent each, according to vietstock.vn.

Leading companies in the two sectors such as Mobile World Investment (MWG), Vietcombank (VCB), Vietinbank (CTG) and Techcombank (TCB) performed well.

Those stocks gained between 0.9 per cent and 1.9 per cent.

TCB was also the most active stock on the market with nearly 7.9 million shares traded.

Those large-cap stocks helped boost the blue-chip tracker VN30-Index up 0.05 per cent to 892.97 points.

Mid-cap and small-cap stocks also remained positive as the two indices grew by 0.37 per cent and 0.49 per cent, respectively.

On the Ha Noi Stock Exchange, the HNX-Index added 0.26 per cent to 135.69 points.

The northern market index plunged total 4.49 per cent last week.

Nearly 160 million shares were traded on the two exchanges, worth VND2.9 trillion (US$125.2 million).

The afternoon trading session starts at 1pm.

VNS

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