VN Index recovers amid concerns about market direction
Shares on the two local exchanges turned in a mixed performance on Friday morning with moderate trading liquidity as investors were cautious about the market’s short-term direction.
Shares on the two local exchanges turned in a mixed performance on Friday morning with moderate trading liquidity as investors were cautious about the market’s short-term direction.
The benchmark VN Index on the HCM Stock Exchange gained 0.33 per cent to close at 774.03 points. It had fallen 0.3 per cent in Thursday’s session.
Around 98.2 million shares worth VND1.83 trillion (US$81.4 million) were traded in the southern bourse.
Blue chips primarily pushed the market up, with 21 of the 30 largest stocks by market capitalisation advancing. Gaining large-caps posted growth rates between 0.1 per cent and 3.6 per cent.
The strongest gainers in the blue-chip category include MBBank (MBB), Vietinbank (CTG), BIDV (BID), PetroVietnam Drilling and Well Services (PVD) and Sai Gon Securities (SSI).
On the Ha Noi Stock Exchange, the HNX Index fell 0.7 per cent to end at 100.33 points. The northern market index had gained a total of 2.8 per cent in the previous three days.
Around 47.6 million shares were traded in the northern market, worth VND414.5 billion.
According to BIDV Securities (BSC), the stock market will rise at a slow pace with low market trading liquidity, and attention will be focused on large-cap stocks.
The afternoon session starts at 1pm. — VNS
