w88 link mới nhấtBanks lead market upturn

On w88 link mới nhất HCM Stock Exchange, w88 link mới nhất VN-Index surpassed w88 link mới nhất latest nine-year peak recorded on July 6, hitting 783.48 points, a rally of 0.82 percent over July 28’s close.

w88 link mới nhất benchmark index expanded 2 percent last week.

On w88 link mới nhất Hanoi Stock Exchange, w88 link mới nhất HNX-Index increased 0.63 percent to end at 101.18. w88 link mới nhất northern market index gained 2.6 percent in w88 link mới nhất previous week.

“w88 link mới nhất risk of a short-term sharp decline was significantly diminished. Large-cap stocks, especially bank stocks, are supporting w88 link mới nhất indices’ uptrend,” said Tran Hai Yen, a stock analyst at Bao Viet Securities Co (BVSC).

Banks were w88 link mới nhất biggest gainers yesterday, with an average growth of 2.33 percent, data onvietstock.vnshowed.

Seven of nine listed banks gained value, with two of w88 link mới nhất three largest banks by market value, BIDV (BID) and Vietinbank (CTG), increasing 5.7 percent and 4.6 percent, respectively.

w88 link mới nhất largest lender, Vietcombank (VCB), edged up 0.7 percent.

According to BVSC’s report, Vietcombank is w88 link mới nhất most profitable bank with pre-provision operating profit of 5.05 trillion VND (224.7 million USD) by w88 link mới nhất end of June, up 20.5 percent year-on-year and fulfilling 54 percent of its yearly target.

BIDV also recorded positive earnings with pre-tax profit for w88 link mới nhất first six months reaching 4.05 trillion VND, a year-on-year increase of 24.7 percent and completing 54 percent of w88 link mới nhất goal it set for w88 link mới nhất year.

Military Bank (MBB) posted over 2.5 trillion VND worth of pre-tax profit in w88 link mới nhất first half of this year, rising 36 percent over w88 link mới nhất same period last year and achieving 55 percent of its yearly target. MBB’s shares advanced 1.3 percent on July 31.

“Solid earnings results as well as benefits of w88 link mới nhất bad debt resolution law and quantitative easing policy are drawing cash flows into bank stocks," Ms. Yen said.

Other blue chips were mixed. Insurer Bao Viet Holdings (BVH), PV Gas (GAS), VinGroup (VIC), Sabeco (SAB), Novaland Investment (NVL) and FLC Faros Construction (ROS) advanced. However, dairy giant Vinamilk (VNM), FPT Corp (FPT), Mobile World Group (MWG) and Kido Group (KDC) tumbled.

Liquidity increased with a total 345 million shares worth 5.4 trillion VND (237.5 million USD) being traded in w88 link mới nhất two markets, up 34.3 percent in volume and 25.6 percent in value compared with last week’s daily average volume and value.