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ZTE and China GreatWall rise while OFilm Group and CITIC Securities fall among China’s highest volume stocks, reflecting a mixed performance in the market.
Japan’s highest-volume stocks saw Toyota Motor Corp up by 3.37% and Mitsubishi UFJ Financial Group rising 3.26%, reflecting strong investor sentiment in finance and automotive sectors.
The State Bank of Vietnam has emphasized the importance of supporting economic recovery while maintaining financial stability. It has called on banks to adopt a proactive approach to manage the risks associated with these relief measures. Some banks have already begun to strengthen their risk management frameworks and capital buffers to better navigate the expected challenges.
Large-cap stocks in the financial and manufacturing sectors led the market’s decline. Notably, the Bank for Investment and Development of Vietnam (BID) saw the steepest drop, decreasing by 0.71% and contributing nearly 0.5 points to the VN-Index's overall decline. FPT Corporation (FPT) and Southeast Asia Commercial Joint Stock Bank (SSB) also faced losses, falling by 0.96% and 3.63%, respectively.
The surge was primarily driven by strong performances in the financial sector, which climbed 1.24%, and the infrastructure and agriculture sectors, both of which also saw notable increases.
The STI’s positive movement can be attributed to several factors, including robust corporate earnings reports from key local companies and favorable economic data that have buoyed investor sentiment. Notably, shares in Singapore's major financial and real estate sectors saw gains, contributing to the overall increase in the STI. Analysts point to strong performance in these sectors as a critical driver of the index's upward movement.