Shares rebound in HCM City, tread water in Ha Noi

Shares on the HCM Stock Exchange rebounded Tuesday morning, with advancers nearly two times higher than decliners, but market value remained bleak.

The VN-Index rose 0.56 per cent to close at 386.48 points. Trading value totalled just more than VND299 billion (US$14.4 million) as 17.9 million shares changed hands.

Sacombank (STB), with just over 970,000 shares traded, became the most active share. STB closed up 2.3 per cent at VND13,100 ($0.62).

Only two of the 10 largest shares led by capitalisation declined. Food producer Masan Group (MSN) lost 1.1 per cent of its value while Eximbank (EIB) fell 0.7 per cent. Others rose slightly, under 1 per cent, or closed unchanged.

In Ha Noi, shares tread water while the HNX-Index closed essentially unchanged at 65.83 points. Market value reached VND160.4 billion ($7.7 million) on a volume of 16 million shares.

Gainers outnumbered losers by 136-84.

Kim Long brokerage house (KLS) reclaimed the position of the most heavily active trade stock in Ha Noi with 2.48 million shares changing hands, rising 1 per cent to close at VND9,900 a share.

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