Shares rebound on bargain-hunting
Vietnamese shares recovered on Tuesday as blue chips performed well on bottom-fishing following sharp falls previously.
Vietnamese shares recovered on Tuesday as blue chips performed well on bottom-fishing following sharp falls previously.
The benchmark VN Index on HCM Stock Exchange inched up by 0.74 per cent to close at 938.68 points. It had lost 3.34 per cent, or more than 32 points, to close at 931.75 points on Monday, hitting its lowest level since December 15, 2017.
Meanwhile, the HNX Index on Hanoi Stock Exchange rose by 3.94 per cent to end at 111.60 points. The index had tumbled by 6.21 per cent on Monday.
Some 131 million shares, worth VND3.3 trillion (US$144 million), were traded on the two local exchanges.
The market breadth was positive, with 282 gaining stocks against 149 declining stocks.
The VN30 Index, tracking the southern city’s 30 largest shares by capitalisation and liquidity, increased by 1.32 per cent to 909.87 points. There were 21 gainers and eight decliners in the basket.
Prominent gainers included large-caps in the banking, securities and oil sectors.
The leader in the banking group was Vietcombank, reaching the daily increase limit of seven per cent, followed by Vietinbank,VPBank, Military Bank and JSC Bank for Investment and Development of Việt Nam.
The best performers in the securities and oil sectors were Sai Gon Securities Incorporation (6.5 per cent), Ho Chi Minh City Securities Corporation (5.2 per cent), Viet Nam National Petroleum Group (5.7 per cent) and PetroVietnam Technical Services Corporation (4.5 per cent).
The afternoon trading session starts at 1pm. — VNS
