Illustrative image (Photo: VNA)Hanoi (VNA) - Vietnamese shares rose on March 23 after sliding in theprevious session, driven by large-cap stocks on high investor confidence.
Thebenchmark VN-Index on the HCM Stock Exchange increased by 0.9 percent to closeat 719.56 points, and the HNX-Index on the Hanoi Stock Exchange inched up 0.1 percentto end at 89.9 points.
TheVN-Index was down 0.5 percent on the previous day, while the HNX-Index dropped0.4 percent.
Markettrading liquidity dropped from the March 22 level with more than 230.5 millionshares being exchanged on the two local bourses, worth 4.52 trillion VND (200.87million USD).
Thefigures were down 31 percent in trading volume and 21.3 percent in tradingvalue compared to Wednesday’s numbers.
Localstocks were driven by banking-finance companies and property developers afterthose firms performed badly on March 22.
Sixof the nine listed banks advanced, including top large-cap banks such asVietcombank (VCB), Sacombank (STB) and Saigon-Hanoi Bank (SHB).
Otherfinancial firms also performed well, including insurer Bao Viet Holdings (BVH),Saigon-Hanoi Securities Corp (SHS) and Saigon Securities Inc (SSI).
VCBrose 1.5 percent, SHB added 2 percent and STB surged 6 percent. The March 23 gainalso helped STB rally for a fourth day with a total growth of 10.7 percent.
Inthe property sector, Phat Dat Real Estate Development JSC (PDR) gained 2.7 percent,Saigon Thuong Tin Real Estate JSC (SCR) advanced 1.5 percent, and Vingroup(VIC) was up 2 percent.
Inaddition, the market received a strong boost from other sectors, such as foodand beverage and agriculture.
Thosesectors were pulled up by Hoang Anh Gia Lai JSC (HAG), Hoang Anh Gia LaiAgriculture International (HNG), consumer goods producer Masan Group (MSN) and dairycompany Vinamilk (VNM).-VNA
VNA
