HANOI: Vietnam’s benchmark VN Index closed up 0.2 percent on Tuesday, bucking the trend in Asian stocks, as gains in banking stocks offset losses in most other shares.
Asian stocks slipped to two-month lows as weak oil prices weighed on sentiment while the dollar got a lift against its peers as the differences in policy direction between the world’s top central banks became starker.
Shares of five out of the country’s six listed lenders rallied, led by BIDV, Vietnam’s biggest partly private bank by assets, which rose 2.81 percent. Top lender Vietcombank’s stock advanced 1.25 percent.
Dairy products maker Vinamilk’s shares dropped 0.69 percent, while those of steel firm Hoa Phat Group fell 1.18 percent.
Copyright Reuters, 2016
Courtesy : Express Tribune