Vietnamese bank stocks continue to rise

The stock closed higher on Wednesday, and the United Nations index continued to rise. The Ho Chi Minh Stock Exchange (HoSE) VN index benchmark rose 1.15%, or 14.23 points, to close at 1,256.43 points. Market volume remained positive: 330 stocks rose, 93 fell, and 33 stocks remained unchanged. The Southern Market Index rose 0.23% on Tuesday to close at 1,242.2. Market liquidity is nearly 744 points higher than yesterday.4 million shares were traded in the southern market, valued at 21.2 trillion won ($915 million). The index is driven by high-value stocks mainly in the banking sector. The VN30 large-cap 30 stock tracking index rose 1.42% to 1,346.89. Twenty-five of the 30 largest stocks in the VN30 basket rose on Wednesday, while four fell. Yesterday, many large banks performed well, among which Techcombank (TCB) and HDBank (HDB) rose by 7%. Military Bank (MBB), Vietnam Bank (CTG), Saco Bank (STB), Vietnam Bank (VCB) and Asian Commercial Bank (ACB) jumped. Several other large-cap companies such as PetroVietnam Gas JSC (GAS), Vietnam National Petroleum Corporation (PLX) and SSI Securities Co (SSI) also have earnings per share of more than 2%.BIDV Securities Co said in a daily report to investors: “The VN index has gradually increased from the beginning of the morning to the end of the midday, and is now back above the threshold of 1255.