An investor at the MBS securities trading floor in Hanoi (Photo: VNA) Hanoi (VNA) - Shares recovered on the two local markets on April 26 aftergloomy trading sessions as investor confidence was picked up by positive movesin global markets.
Thebenchmark VN Index on the HCM Stock Exchange gained 0.35 percent to close at710.04 points. Vietnam’s key index had lost total 1.3 percent in the previousfour sessions.
Thesmaller HNX Index on the Hanoi Stock Exchange rose 0.79 percent to end at 88.55points, putting an end to a two-day decline of 1.1 percent.
Morethan 194.3 million shares were traded on the two local bourses, worth 4.02trillion VND (178.9 million USD).
Markettrading volume increased slightly from April 25 while market trading value rose5.4 percent.
Companiesin 17 of the 20 sectors in the Vietnamese stock market saw their share pricesincrease. Two-thirds of the stocks in the VN30 Index, which tracks theperformance of the 30 largest companies by market capitalisation, advanced.
Theindustries with the best growth included banks, brokerage firms, energyproducers, construction companies and agriculture businesses.
Inthe banking sector, MBBank (MBB) increased by 1 percent and Sacombank (STB) wasthe strongest gainer, hitting its daily trading limit of 6.8 percent.
MBBankon April 26 announced at its annual shareholder meeting that its first-quarterpre-tax profit was estimated at 1.05 trillion VND, a yearly increase of 22 percent,and the bank targeted a pre-tax profit for 2017 of 4.5 trillion VND.
Thebrokerage sector was driven up by Sai Gon-Hanoi Securities (SHS), Sai GonSecurities (SSI), MB Securities (MBS) and HCM City Securities (HCM).
Amongthose companies, SHS on April 26 organised its annual shareholder meeting, inwhich it targeted a 42 percent increase in pre-tax profit for 2017 and payingan 8 percent dividend for last year’s performance.
Theenergy sector was boosted by an increase of global oil prices on Tuesday. Brentcrude ended Tuesday trading at 52.1 USD a barrel, up 1 percent from theprevious session.
Thestock market had the most positive session so far this week along withincreased trading liquidity, BIDV Securities (BSC) said in a report.
Withthe VN Index topping 710 points, investor confidence would be bolstered,despite the market lacking supportive information, BSC said.-VNA
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