VN stocks move up on financials, consumer staples

Local shares advanced on Wednesday morning as financial and consumer staples sectors made big gains.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 1.10 per cent to end at 834.20 points.

The VN-Index had lost total 5.3 per cent in the previous six straight days since June 23.

Financial and consumer staples stocks led the market growth as the banking, securities, and food and beverage industry indices increased by 1.6-2.5 per cent.

Leading stocks in the three sectors included VietCapital Securities (VCI), SSI Securities (SSI), HCM City Securities (HCM), VPBank (VPB), Vietinbank (CTG), Bank for Investment and Development of Vietnam (BID), brewer Sabeco (SAB) and Masan (MSN).

Those stocks also boosted the blue-chip tracker VN30-Index up 1.09 per cent to 778.94 points.

Mid-cap and small-cap stocks also performed well, lifting the two sector indices up 0.54 per cent and 1.07 per cent, respectively.

On the Ha Noi Stock Exchange, the HNX-Index gained 0.92 per cent to close Wednesday morning at 110.78 points.

The northern market index had declined by total 3.78 per cent in the previous three days.

Nearly 172.5 million shares were traded on the two exchanges, worth VND2.75 trillion (US$118.6 million).

The afternoon trading session starts at 1pm. — VNS

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