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Shares rebound in HCM City, down in Ha Noi
Shares rallied this morning on the HCM Stock Exchange after falling over three consecutive days, but both market volume and value remained sluggish on pessimistic investor sentiment.
The VN-Index closed at 403.73 points, a rise of 0.64 per cent over yesterday. Trading volume decreased 23 per cent to just 18.6 million shares, but value of today's trades rose nearly 5 per cent to VND413.5 billion (US$19.7 million).
Gainers edged losers by 109-90.
Several blue chips recovered. Among the 10 largest shares led by market capitalisation, food processor Masan Group (MSN) hit the ceiling price, while dairy producer Vinamilk (VNM), Vietinbank (CTG) and Phu My Fertiliser (DPM) all gained by less than 1 per cent. Others fell or closed unchanged.
No codes saw trade in excess of 1 million shares. Becamex Infrastructure Development (IJC), with nearly 750,000 shares changing hands, became the most active code on the HCM City bourse today, but it declined another 2.1 per cent to close at VND9,400 ($0.45).
Meanwhile, shares retreated on the Ha Noi Stock Exchange, with the HNX-Index losing 0.31 per cent over yesterday to close at 67.72.
Decliners inched up advancers by 116-107.
Both market volume and value fell 25 per cent, totalling just 19 million shares, worth VND193.6 billion ($9.2 million).
Kim Long Securities Company (KLS) remained the most heavily-traded stock nationwide with 1.86 million shares changing hands, closing unchanged at VND10,100 ($0.48).
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