Vietnam stock fails to surpass 900 points in a gaining session

Xuan Thinh Monday | 06/08/2020 17:09

Illustrative image (Photo: VietnamPlus)

The benchmark VN-Index gained to overcome the 900-point threshold in Monday’s morning trade and closed at 899.92 points in the afternoon, marking an increase of 13.7 points, or 1.55%, exchange data says.

Remarkably, over 70% of stocks on the Ho Chi Minh City Stock Exchange gained on the trading day, proving strong confidence from investors despite the government announced the containment of coronavirus weeks ago and the pandemic is still happening in Vietnam’s major trade partners.

The exchange, on which the VN-Index is based, saw 3113 stocks gaining and 77 losing in the session.

The total transaction value jumped 32.43% compared to the previous session on Friday. to VND8.43 trillion ($362 million).

In the banking sector, while VCB increased by 0.45%, BID grew 4.51%, and CTG jump 1.84%. Shares of private banks had a good increase including TCB with 1.17%, MBB with 1.12%, STB with 1.42%.

In the manufacturing sector, VNM, SAB, HPG increased by 3.02%, 1.68%, and 2.4% respectively.

Vietnam’s VN-Index was at around 987 points before the COVID-19 was reported in the country.