Wednesday, November 01, 2006

Financial stocks gain on OTC market

Bank, insurance and other financial stocks have seen steady rises in value on the over-the-counter (OTC) market for the past 2 months, outperforming stocks from all other sectors.

Eximbank stock has recorded the highest increases on the OTC market, adding a 14-16 per cent value in just over a month.

In the last two months of 2006, many joint stock commercial banks including ACB, Techcombank, Military Bank, and VPBank, will continue issuing shares and bonds to raise capital.

No comments: