Brokers at FPT Securities Company in Hanoi (Photo: VNA) Hanoi (VNA) - Vietnam’s keyVN Index extended growth for a second day on May 10 as bank stocks were boostedby strong foreign investment.
The benchmark index on the HCM StockExchange gained 0.30 percent to close at 724.31 points. It has advanced total0.8 percent after the last two sessions.
Market trading liquidity remainedstable with more than 228 million shares traded, worth 4.52 trillion VND (201.2million USD). The figures were almost unchanged in comparison with May 9’s numbers.
Foreign investors posted a net buyvalue of 87.6 billion VND, which was a big improvement compared to the netforeign sell value of 81.5 billion VND made on the previous day.
Foreign investment on May 10 focusedon the banking industry, making it the strongest growing industry among 20sectors in the stock market with the sector index gaining 1.5 percent,according to vietstock.vn.
According to Sai Gon-Hanoi Securities(SHS), there were two bank stocks in the top five that received net foreign buyvalues, which were Sacombank (STB) and Vietcombank (VCB).
Other sectors such as rubberproducers, energy firms and food and beverage companies also performed well.
Property stocks remained positivewith the growth of Novaland (NVL), Hoang Quan Consulting-Trading-Service RealEstate (HQC), Kinh Bac City Development Holding (KBC) and Sai Gon Thuong TinReal Estate (SCR).
HQC and SCR were the two most activestocks on the southern bourse with more than 14 million and 10 million sharesexchanged, respectively. HQC gained 0.8 percent while SCR surged 6.9 percent. -VNA
