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Shares rebound on bottom purchase
Shares rebounded on Thursday morning as investors as investors picked up battered shares from the previous sell-off.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.92 per cent to end the morning session at 1,145.11 points.
Nearly 438 million shares were traded on the southern bourse, worth VND9.2 trillion (US$399.3 million).
The large-cap tracker VN30-Index was up 1.37 per cent to 1,131.46 points.
Twenty four of the 30 large-cap stocks in the VN30 basket increased.
A number of blue-chips attracted cash flow such as insurer Bảo Việt Holdings (BVH), steel maker Hoà Phát Group (HPG), Masan Group (MSN), Vingroup (VIC), Vinamilk (VNM), Vietnam National Petroleum Group (PLX), Vincom Retail (VRE), Phú Nhuận Jewelry (PNJ), Vinhomes (VHM) and Mobile World Group (MWG).
Banking group also climbed with Vietcombank (VCB), Military Bank (MBB), VPBank (PVB) and Techcombank (TCB) all falling.
On the Ha Noi Stock Exchange, the HNX-Index rose 3.07 per cent to 240.43 points.
More than 83 million shares were traded on the northern market, worth VNĐ1.2 trillion.
The afternoon trading session starts at 1pm.
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