HA NOI (Biz Hub)— Shares regained ground this morning buoyed by a blue chip recovery but market trading was still sluggish as investors feared a bull trap.
On the HCM City Stock Exchange, the VN-Index climbed 1.4 per cent to 486.76 points.
Blue chip rises powered the market uptrend with the VN30 - tracking the top 30 shares by market capitalisation and liquidity - also up 1.21 per cent to 541.34 points.
Outstanding shares included Masan Group (MSN) which jumped 4.4 per cent to VND95,500 (US$4.55) a share and dairy gaint Vinamilk (VNM) which rose 3.1 per cent at VND135,000 ($6.43) each.
Overall trading was sluggish, however, with market value reaching just around VND417 billion (nearly $20 million).
Pha Lai Thermal Power (PPC) was temporarily leading the southern market on trades of 1.4 million shares at VND24,600 ($1.17) each.
On the Ha Noi Stock Exchange, the HNX-Index also edged up 0.48 per cent to close the morning at 62.79 points.
Market value was very low at VND91.5 billion ($4.4 million) on a volume of nearly 13 million shares.
Investment FLC Group (FLC) was again the most active code this moring on the northern bourse with 1.87 million shares changing hands at VND6,400 each. - VNS