Market calms down, led by recovery of blue chips
The market calmed down on Tuesday morning after a crash on Monday, led by recovery of blue chips.
The market calmed down on Tuesday morning after a crash on Monday, led by recovery of blue chips.
On the Ho Chi Minh Stock Exchange, the VN-Index edged down 0.2 per cent to 833.82 points.
On the Ha Noi Stock Exchange, the HNX-Index increased 0.41 per cent to 106.78 points.
Both stock indices were on the rocks on Monday, with VND191 trillion (US$8.2 billion) evaporating from the market.
Some large caps rebounded this morning which helped ease investor fears.
Thirteen of the top 30 largest shares by market value and liquidity gained value and 17 slumped.
Some rose substantially, such as Vinamilk, Masan Group, VPBank, Vingroup, Vietinbank, FPT Corp and Hoa Phat Group with growth of 1.3-3.6 per cent each.
Meanwhile, the oil price war in the world continued dampening the energy stocks with PV Gas losing 5.3 per cent, Petrolimex down 6.5 per cent, PetroVietnam Drilling and Wells Service down 4.8 per cent and PetroVietnam Technical Services down 3.7 per cent.
A total of 227 million shares worth VND4.43 trillion ($190.2 million) were traded in the two markets.
The afternoon trade starts at 1pm. VNS
