Vietnam’s VN Index, the benchmark measure of the Ho Chi Minh City Stock Exchange, gained 0.8 percent to 493.47 today at the 11 a.m. local time close, the highest since July 30.
Bank Stocks: Joint-Stock for Foreign Trade of Vietnam, known as Vietcombank, the country’s biggest listed company by market value, climbed 4.8 percent to 30,900 dong, the highest since Sept. 17, after the government extended the deadline by one year for banks to raise registered capital. Vietnam Joint-Stock Commercial Bank for Industry & Trade, or VietinBank, rose by the maximum 5 percent to 21,200. Vietnam Export-Import Commercial Joint-Stock Bank, or Eximbank, rose 4.9 percent to 17,200 dong, the highest since May 18, while Asia Commercial Bank rose 7.4 percent to 29,200 dong, the biggest advance since June 24.
Dream House Investment Corp. (DRH VN), which provides construction services, dropped 4.7 percent to 12,100 dong. The company will list an additional 3.4 million shares on Dec. 22, according to a statement on the bourse’s website.