Earnings data from Sacombank helped lift sagging banking stocks on Dec. 27, saving major indices from further declines.
Sacombank announced that it had earned 2.2 trillion VND (104.8 million USD) in the first 11 months of the year, meeting 91.3 percent of its target for the full year.
On the HCM Stock Exchange, the VN-Index closed essentially unchanged at 473.05 points. The value of trades reached only 917.1 billion VND (43.7 million USD) on a meagre volume of 38.8 million shares.
Gainers outnumbered decliners on the HCM City bourse by 119 to 99, with all banking stocks advancing, including VietinBank (CTG), up 2.8 per cent; Eximbank (EIB), up 1.85 percent; Vietcombank (VCB), up just over 1 percent; and Sacombank (STB), up 0.64 percent.
Other blue chips rallied, as well, including insurer Bao Viet Holdings (BVH) and Phu My Fertilisers (DPM).
On the Hanoi Stock Exchange, the HNX-Index closed up by 0.22 percent to 111.43 points. Volume remained low at 36.2 million shares, worth 704.6 billion VND (33.6 million USD), while Kim Long Securities Co (KLS) claimed the position as most-active share with 6.4 million traded.
Foreign investors continued as net buyers on both exchanges, picking up a net of 2.1 million shares worth 74.2 billion VND (3.5 million USD). In HCM City, they accounted for over three quarters of the trading volume in shares of Vietinbank./.
Sacombank announced that it had earned 2.2 trillion VND (104.8 million USD) in the first 11 months of the year, meeting 91.3 percent of its target for the full year.
On the HCM Stock Exchange, the VN-Index closed essentially unchanged at 473.05 points. The value of trades reached only 917.1 billion VND (43.7 million USD) on a meagre volume of 38.8 million shares.
Gainers outnumbered decliners on the HCM City bourse by 119 to 99, with all banking stocks advancing, including VietinBank (CTG), up 2.8 per cent; Eximbank (EIB), up 1.85 percent; Vietcombank (VCB), up just over 1 percent; and Sacombank (STB), up 0.64 percent.
Other blue chips rallied, as well, including insurer Bao Viet Holdings (BVH) and Phu My Fertilisers (DPM).
On the Hanoi Stock Exchange, the HNX-Index closed up by 0.22 percent to 111.43 points. Volume remained low at 36.2 million shares, worth 704.6 billion VND (33.6 million USD), while Kim Long Securities Co (KLS) claimed the position as most-active share with 6.4 million traded.
Foreign investors continued as net buyers on both exchanges, picking up a net of 2.1 million shares worth 74.2 billion VND (3.5 million USD). In HCM City, they accounted for over three quarters of the trading volume in shares of Vietinbank./.
