VN stocks recover, market confidence remains poor

Tuesday, Nov 26, 2019 12:02

Vietnamese shares rebounded on Tuesday but confidence was still low amid lack of good news. — Photo

Vietnamese shares rose on Tuesday morning but market sentiment was still poor.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.18 per cent to close at 978.09 points.

The VN-Index lost 0.15 per cent on Monday.

More than 92 million shares were traded on the southern bourse, worth VND1.9 trillion (US$82 million).

Large-cap stocks boosted the southern exchange.

The large-cap VN30-Index increased by 0.34 per cent to stand at 897.82 points.

Among large-cap gainers were steel producer Hoa Phat (HPG), retailers Mobile World (MWG) and Vincom Retail (VRE), and Bank for Investment and Development (BID).

But mid-cap and small-cap stocks were mixed.

The dependence of the stock market on large-caps proved the market sentiment was poor amid lack of supportive information.

On the Ha Noi Stock Exchange, the HNX-Index was up 0.39 per cent to end at 103.87 points.

The northern market index advanced 0.37 per cent on Monday.

More than 12.4 million shares were traded on the northern bourse, worth VND148 billion.

The afternoon trading session starts at 1pm. — VNS

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