The market modestly recovered at the end of Thursday’s session, with the rebound of several speculative stocks.
A number of real estate stocks rallied back. Hoang Quan Consulting-Trading-Service Real Estate Corp. (HQC) jumped 4 per cent, Sao Mai Construction Corp. (ASM) 3.45 per cent, Binh Duong Trade and Development (TDC) 4.12 per cent.
Kinhbac City Development Share Holding Corp. (KBC) also significantly advanced. Hoang Anh Gia Lai (HAG) slightly climbed.
Some mineral and rubber stocks also significantly rallied, among them Bac Giang Exploitable Mineral (BGM), Binh Dinh Minerals (BMC), Danang Rubber (DRC), Southern Rubber Industry (CSM). Duong Hieu Trading and Mining (DHM) was suddenly active with nearly one million shares matched, hitting the ceiling.
A number of large-cap stocks ended up. Financial shares PetroVietnam Finance (PVF), Saigon Securities Inc. (SSI), Vietcombank (VCB), Vietinbank (CTG) slightly gained. PetroVietnam Gas (GAS) and Masan Group (MSN) were up, while PetroVietnam Fertilisers (DPM) was slightly off.
The gain extended to half the market. Some 154 stocks advanced on Ho Chi Minh Stock Exchange (HoSE), compared with 75 declining. The benchmark VN-Index added 1.47 points or 0.36 per cent to 414.38 points. Advancers also outran decliners 162 to 70 on Hanoi Stock Exchange (HNX), helping the benchmark HNX-Index up 0.41 points or 0.59 per cent to 70.09 points.
But market sentiment remained very cautious. Liquidity continued drying out on both bourses. Matching volume was just VND400 billion ($19.3 million) and VND271 billion ($13.1 million) on HoSE and HNX, respectively.
The gains were also very modest on HNX. Leading stocks like VNDirect Securities (VND), PetroVietnam Construction (PVX), Habubank (HBB) were of 2-3 per cent. Some small-cap stocks saw bigger gains, but top active stocks mostly added just 1-2 per cent.
Stocks small securities companies strongly jumped without any supportive news. Haiphong Securities (HPC) and Asia-Pacific Securities (APS) and Saigon-Hanoi Securities (SHS) sharply rose 4-5 per cent.
VNDirect Securities (VND) outperformed the market with more than 4 million shares matched, followed by PVX at 3.2 million shares matched.