The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.17 per cent to 924.16 points. — Photo freedomsphoenix.com
The market recovered strongly on Thursday morning thanks to optimistic investors and positive information from the global market.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange was up 0.17 per cent to 924.16 points. It added 0.39 per cent to close at 922.56 points on Wednesday.
On the Ha Noi Stock Exchange, the HNX-Index climbed 1.08 per cent to end at 105.02 points. It slipped 0.01 per cent to end at 103.90 points on Wednesday.
Nearly 106 million shares worth a combined VND2.3 trillion (US$99 million) were traded on the two bourses.
World stock markets rose on Wednesday, with Wall Street tipping higher on gains in technology and energy shares, while oil rebounded from a steep sell-off as U.S. government data pointed to strong demand.
Oil prices rose about $1 a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined fuel. Concerns remained over rising global crude supply. Vietnamese oil stocks also gained thanks to the news.
Notably, Sara Vietnam JSC (SRA) soared exponentially, hitting the daily gain limit of 10 per cent in the last trading session despite the news that the company’s chairman cum general director Đặng Quang Nam failed to buy 300,000 SRA shares.
He registered to buy the shares in early October.
The afternoon session starts at 1pm. — VNS