Shares rebound on both exchanges

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VietNam News English - 31 month(s) ago 2 readings

Shares rose this morning on both stock exchanges as investors hunted bargain shares after a prolonged downturn.

HA NOI –

The VN-Index on the HCM Stock Exchange finished today at 390.89 points, an increase of 0.78 per cent after seven consecutive falling sessions.

Market value decreased by 19 per cent, however, totalling VND711 billion (US$33.9 million) while the volume of today's trades also dropped nearly 10 per to more than 33 million shares.

Gainers doubled losers, led by blue chips. Eight of the 10 largest shares led by market capitalisation posted gains, of which property developer Hoang Anh Gia Lai Co (HAG) hit the daily limit of 5 per cent at VND23,100 ($1.10). Only food processor Masan Group (MSN) declined 1.6 per cent.

Sacombank (STB) led the southern market with a trading volume of 1.63 million shares changing hands, closing up 2.9 per cent at VND14,300 ($0.68).

On the Ha Noi Stock Exchange, the HNX-Index was up for the second day in a row, gaining another 1.71 per cent to close at 64.14 points.

Trading value rose 16 per cent to VND323.6 billion ($15.4 million) as nearly 33.2 million shares were exchanged.

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