An investor look at stock fluctuations (Photo: VNA)
Hanoi (VNA) – Shares extended gains for a second day on October 28 on both exchanges, driven by strong showings fro🔜m banks and property developers.
The benchmark VN Index on the HCM Stock Exchange rose 0.8 percent to close at 682.25 points, climbing total 1.3 percent after two sessions.
The HNX Index on the Hanoi Stock Exchange edged up 0.4 percent to end at 83.04 points, up nearly 1 percent after two sessions.
The banking sector led the market on the day, as four of nine listed gains, including Asia Commercial Bank (ACB), Bank for Investment and Development of Vietnam (BID), Vietinbank (CTG) and Saigon-Hanoi Bnak (SHB).
ACB rose 1 percent, BID and CTG advanced 2.4 percent each, and SHB jumped 3.8 percent.
Real estate companies also performed well, with five of the 10 most active stocks coming from the property development sector, including FLC group (FLC) and Tan Tao Investment and Industry Corp (ITA).
FLC was the most active stock with nearly 15 million shares traded, surging 7 percent. ITA was the second most active stock with more than 10.2 million shares traded and closed up 0.6 percent.
Market trading liquidity improved in comparison to October 27 with 2.48 trillion VND (110.3 million USD) worth of nearly 159.5 million shares being traded.-VNA
Vietnamese shares extended losses on October 24 as energy stocks were pulled down by a slide in oil prices and foreign investors increased selling of large-cap stocks
Vietnamese shares on October 25 managed to decline at a slower pace as slight recovery of energy stocks helped offset losses made by blue chips on a strong selling trend.
Shares dropped for a fifth day on the two local exchanges on October 26 , driven by energy stocks following another drop in oil prices while investors remained cautious after a four-day losing streak.
Shares bounced back on the two local exchanges on October 27 from a five-day losing streak, driven by the energy sector following a rebound in oil prices.
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An investor look at stock fluctuations (Photo: VNA)
