Shares recover on bargain purchasing

Tuesday, Aug 30, 2022 12:34

The market inched up on Tuesday morning, with many stocks recovering from yesterday's losses.

The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 10.45 points, or 0.82 per cent, to 1,281.25 points. It lost 11.77 points in the previous trade.

The market breath was positive as more stocks increased. However, liquidity was decreased significantly, of which the matching value on HoSE dropped by 41.8 per cent to VND6.6 trillion (US$283 million).

Foreign investors continued to run out of the southern market after net selling VND12.9 billion.

The index's recovery was driven by investors' demand for bargain purchasing after the dip yesterday.

The VN30-Index, tracking the 30 biggest stocks on the southern bourse, advanced by 8.64 points, or 0.67 per cent, to 1,301.89 points.

In the VN30 basket, 22 stocks edged higher, while five declined. Three ended flat.

In the top five stocks dominating the market's trend, Vietcombank (VCB) was the biggest gainer this morning with 2.55 per cent.

It was followed by Vietnam Rubber Group (GVR), BIDV (BID), Vietinbank (CTG), and Masan Group (MSN), of which GVR hit the maximum daily rise of 7 per cent.

On the Ha Noi Stock Exchange (HNX), the HNX-Index also rebounded, up 0.81 points, or 0.27 per cent, to 296.35 points. VNS

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