Local stocks extend gains for a third straight dayFriday, March 15,2019
AsemconnectVietnam - Vietnamese shares ended Thursday on a positive note with extended growth among commercial banks, but stronger selling hindered the market’s short-term prospects.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.30 per cent to close at 1,008.44 points.
The three bank stocks rose between 1.6 per cent and 2.8 per cent on Thursday. They respectively have gained 6.9 per cent, 7.5 per cent and 3.6 per cent in the last three trading days.
According to Thanh Cong Securities JSC (TCSC), bank stocks played the main role to help the stock market maintain its uptrend on Thursday.
“Today’s liquidity slightly declined (from Wednesday) so investors were too cautious to buy in to high-price stocks while the rest of them were willing to hold on to their assets to take advantage of the market rally,” Sai Gon-Ha Noi Securities (SHS) said in its daily report.
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