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Markets respond to positive purchases
Positive purchases helped slow the fall in the south and create a bounce in the north. In HCM City, the VN-Index closed down only 0.33 per cent, closing the session at 425.5 points.
Trading increased with 37 million shares, worth of VND989.2 billion (US$47.1 million) exchanged.
The number of advancers rose to 133 compared to 37 on Tuesday. They included blue chips such as Bao Viet Holding (BVH), up VND1,500; Phu My Fertiliser (DPM), up VND1,100; Ocean Group (OGC) up VND500; and VietinBank (CTG), up VND200.
However, some blue chips continued to fall including PetroVietnam Finance (PVF), down VND1,100; software company FPT Corp (FPT), down VND1,000; Vietcombank (VCB), down VND900; and Sacombank (STB), VND100.
12 stocks hit their ceiling prices, while 16 dropped to their floor prices.
In Ha Noi, the HNX-Index bounced back 0.3 per cent to 97.73 points, with advancers outnumbering decliners by 174 to 101.
Volume rose to 30.2 million shares, from 26.9 million yesterday, to post a value of VND500.9 billion ($23.8 million).
Securities stocks [KLS, APS, BVS,...] rallied by 0.3 per cent and PetroVietnam stocks [PVA, PVI, PVS, ...] rebounded 0.2 per cent, which helped the index close on a high.
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