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

tải w88 benchmark index expanded 2 percent last week.

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

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

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

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

tải w88 largest lender, Vietcombank (VCB), edged up 0.7 percent.

According to BVSC’s report, Vietcombank is tải w88 most profitable bank with pre-provision operating profit of 5.05 trillion VND (224.7 million USD) by tải w88 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 tải w88 first six months reaching 4.05 trillion VND, a year-on-year increase of 24.7 percent and completing 54 percent of tải w88 goal it set for tải w88 year.

Military Bank (MBB) posted over 2.5 trillion VND worth of pre-tax profit in tải w88 first half of this year, rising 36 percent over tải w88 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 tải w88 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 tải w88 two markets, up 34.3 percent in volume and 25.6 percent in value compared with last week’s daily average volume and value.