Customers perform transaction at a branch of Vietinbank (CTG) in Hà Nội. CTG rose 0.8 per cent on Tuesday. — Photo tinnhanhchungkhoan.vn HÀ NỘI — Shares gained on Tuesday thanks to the banking sector. The benchmark VN-Index on the Hồ Chí Minh Stock Exchange rose 0.79 per cent to end trading at 986.37 points. Nearly 157.7 million shares were traded on the southern bourse, worth VNĐ3.4 trillion (US$147.1 million). The index edged down 0.03 per cent to close Monday at 978.63 points. The large-cap VN30-Index climbed 1.02 per cent to close at 906.52 points with 18 of the 30 largest stocks by market capitalisation and trading liquidity gaining. The stock market was driven by the strong performance of banks, which made strong gains on investors’ expectations of better business in 2020. The two largest banks by market capitalisation on the Hồ Chí Minh Stock Exchange – Vietinbank (CTG) and Bank for Investment and Development of Vietnam (BID) – took turns to lift the market. CTG rose 0.8 per cent and BID jumped 1.3 per cent. Other lenders also posted strong growth, including VPBank (VPB), Techcombank (TCB) and Military Bank (MBB), gaining 4.7 per cent, 3 per cent and 2.5 per cent, respectively…. Read full this story
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