The VN30 Index, which tracks the performance of the 30 largest stocks by market capitalisation and liquidity on HoSE, rose 1.13 per cent to end at 1,212.70 points.
Vietnamese shares rebounded on Thursday, bolstered by the growth of blue-chip stocks as investors sought stocks that had been hit hard in the previous session.
The HCM Stock Exchange has announced the first of the year to the blue-chip VN30 Index, a basket of 30 stocks with the largest market capitalisation and highest liquidity.
The benchmark VN-Index hit an almost decade-high on Wednesday after large cash flows poured into blue-chip stocks on investor optimism over a sustainable uptrend.
Shares declined further yesterday afternoon as large-cap stocks lost
steam under increased profit-taking pressure. Money was more focused on
low value shares.
VCBF Tactical Balanced Fund and VCBF Blue Chip Fund, open-ended funds
managed by Vietcombank Fund Management, have outperformed their 2015 as
well as lifetime benchmarks.
The Vietnam Blue-chip Investment Fund (VF4) reported a total profit of
VND67 billion (US$3.1 million) last year, lifting its net asset value
(NAV) to nearly VND8,977 ($0.42) per fund certificate by the year''s end.
Steep decline of blue chips yesterday afternoon sent the benchmark VN-Index spiralling down, reducing this week''s trading 1.94 per cent to 494.27 points.