Shares up on bank stocks, oil risesA huge purchase of banking shares in the final minutes of the February 27 session on the local stock exchanges drove shares up, after a brief fall at the beginning of the session. Large-cap stocks also had a good trading day as 18 of the 30 largest shares by market capitalisation advanced in the VN30 Index. Foreign investors were net seller of 196.50 billion VND on HOSE, focusing on VJC (45.4 billion VND), DIG (20.7 billion VND) and BID (16.2 billion VND). In addition, they sold a net of 11.01 billion VND on the HNX. Bank stocks rallied across the board as only Lien Viet Post Joint Stock Commercial Bank (LPB) slid and others jumped such as Bank for Foreign Trade of Vietnam (VCB), rising 1.8 percent, Vietnam Joint Stock Commercial Bank for Industry and Trade (CTG), climbing 4.6 percent, and Asia Commercial Bank (ACB), moving up 2.4 percent.

Source: VietNamNet News February 28, 2018 02:03 UTC