The market inched higher on Wednesday morning on the recovery of some large-cap stocks. However, the uptrend was limited by losses in other pillar stocks.
On Ho Chi Minh Stock Exchange (HoSE), the VN-Index rose 4.48 points, or 0.33 per cent, to 1,344.32 points. The market's breadth was positive as 239 stocks climbed while 158 stocks declined.
The liquidity was also high as over 502.1 million shares were traded on the southern bourse, worth VND11.1 trillion (US$487.2 million).
The index rebounded on improved investors' risk appetite as the large-cap group witnessed a strong division. The VN30-Index, tracking the 30 biggest stocks on HoSE, climbed 1.49 points, or 0.1 per cent, to 1,447.71 points despite the number of rising stocks lower than that of falling stocks.
Of the VN30 basket, 14 stocks increased, while 16 stocks slid.
Manufacturing stocks led the market's rally trend this morning, with Vinamilk (VHM) being the biggest gainer with a rise of 2.82 per cent. It was followed by Masan Group (MSN), up 2.86 per cent.
The uptrend was pared by losses in other large-cap stocks, especially in real estate and bank stocks. Vinhomes (VHM) posted the biggest losses in the morning trade, down 1.16 per cent.
On the Ha Noi Stock Exchange (HNX), the HNX-Index also bounced back 2.12 points, or 0.59 per cent, to 361.1 points. VNS