The VN Index on the HCM Stock Exchange rebounded on Wednesday morning after a two-day drop, as large-cap stocks recovered.

The VN Index edged up 0.24 per cent to stand at 664.2 points. It had decreased by 1.83 per cent in the previous two sessions.

The highest-valued stocks such as Vinamilk (VNM), brewer Sabeco (SAB), insurer Bao Viet Holdings (BVH), Vietcombank (VCB) and Vietinbank (CTG) rose between 0.2 and 2.4 per cent.

However, the overall market condition was negative as losers outnumbered gainers by 113-98, while the remaining 109 remained flat.

Liquidity was low with around 65 million shares worth VND1.44 trillion (US$63.4 million) being traded in the HCM City’s market on Wednesday morning. Only 11 stocks saw a trade of more than one million shares each.

On the Ha Noi Stock Exchange, the HNX Index rose 0.3 per cent to touch 80 points. Around 19 million shares worth VND198.4 billion were traded.

The afternoon session starts at 1pm. — VNS