Stock traders at MayBank Kim Eng Securities Company in HCM City. (Photo: VNA) Hanoi (VNA) - Vietnamese stock indices ended on a positive note on June 14,led by banks, insurance companies and agriculture firms on positive marketinformation.
Thebenchmark VN Index on the HCM Stock Exchange added 0.51 percent to close at760.77 point. Vietnam’s key stock index has rallied a total 1.5 percent overthe last three sessions.
Onthe Hanoi Stock Exchange, the HNX Index rose 0.59 percent to end at 97.89points, extending gains for a second day with total growth of 1.1 percent.
Morethan 259.6 million shares worth 4.93 trillion VND (219 million USD) were tradedon both local bourses, a decrease of 5.6 percent in volume and 8.6 percent invalue compared to June 13.
Large-capstocks also performed well with nearly two-thirds of the 30 largest companiesby market capitalisation and liquidity gaining.
Thebanking, insurance and agriculture sectors posted the biggest gains with theirsector indices growing 1.8 percent, 2 percent and 4.1 percent, respectively.
Thebanking sector index was pulled up by eight of the nine listed banks. Shares ofBIDV (BID), Vietinbank (CTG), MBBank (MBB) and Vietcombank (VCB) were among thestrongest gainers, rising between 1.7 percent and 2.6 percent.
Thegrowth of bank stocks may be a result of investor confidence on speculationsthat a new policy to help local lenders resolve bad-debt will be approved bythe National Assembly, tinnhanhchungkhoan.vn reported.
Theagriculture segment was kept positive by Hoang Anh Gia Lai Co (HAG) and HoangAnh Gia Lai Agricultural Investment (HNG), which hit the daily trading limit of6.9 percent.
HAGLAgrico has announced it will organise its annual shareholder meeting on June30.
In2017, HAGL targets total revenue of 4.5 trillion VND on expectations thatcommodity prices, especially rubber prices, will rise.
Rubberprices on the Tokyo Commodity Exchange rose 1 percent to trade at 197.4 yen perkilogramme on expectations that the three biggest rubber exporters at a meetingthis weekend will come up with a decision to limit their production to keepprice up, Bao Viet Securities (BVSC) reported.
Naturalrubber producers such as HAGL Agrico could help the stock market advancefurther in the next sessions on a rising rubber price and expected goodsecond-quarter performance of those companies, BVSC added.-VNA
VNA
