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Shares finish higher in final session prior to Tet holiday

Shares finished higher during the final trading session prior to the Tet holiday on January 28, propped up by the growth of banking and textile stocks.
Shares finish higher in final session prior to Tet holiday ảnh 1Shares finishes higher during the final trading session prior to the Tet holiday on January 28 (Illustrative photo: VNA)
Hanoi (VNA) - Shares finished higher during the final tradingsession prior to the Tet holiday on January 28, propped up by the growth ofbanking and textile stocks.

The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 0.56 percent toclose at 1,478.96 points.

The index had declined 0.73 percent, to finish the January 27 session at1,470.76 points.

The market's breadth was positive with 307 gainers and 129 decliners.

On HoSE, investors poured over 20.7 trillion VND (913.9 million USD) into themarket, equivalent to a trading volume of nearly 703 million shares.

The VN30-Index, tracking the 30 biggest stocks on HoSE, gained 1.03 percent, to1,532.24 points.

Of the VN30 basket, 21 stocks rose to cushion the market, while seven declined.

In the VN-30 basket, the most notable gainers were Tien Phong Bank (TPB) andFPT Corporation (FPT) as they both surpassed 4 percent. They were followed byPhat Dat Real Estate (PDR), SSI Securities Inc (SSI), VPBank (VPB) and Phu NhuanJewelry (PNJ), all rising above 3 percent. PVPower (POW), Vincom Retail (VRE)and Military Bank (MBB) all advanced more than 2 percent.

Meanwhile, PetroVietnam Gas JSC (GAS) was the strongest loser of the group asthe company dropped 2 percent.

Stocks in industry groups of banking and textile grew strongly, helping theVN-Index to end the session higher.

The banking group outperformed and supported the gains of the market withnotable gainers including Bank for Invetment and Development of Vietnam (BID),Tien Phong Bank (TPB), Techcombank (TCB), VPBank (VPB), Military Bank (MBB),Sacombank (STB) and Eximbank (EIB).

The textile and garment industry experienced a positive trading day withnotable industry-representative stocks increased strongly.

On the Hanoi Stock Exchange (HNX), the HNX-Index gained 1.33 percent, to close theJanuary 28 session at 416.73 points.

It had lost 0.13 percent to close the previous session at411.27 points.

More than 67.6 million shares were traded on the southern exchange, worth 1.8trillion VND./.
VNA

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