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Shares rebound after a bull-trap session
National stocks reversed yesterday's losses to add value during this morning's session.
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| Source: VietstockFinance |
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On the HCM City Stock Exchange, the VN-Index advanced by 1.8 per cent over yesterday's trading to 418.41 points. Meanwhile, the VN30 also inched up nearly 1.9 per cent, reaching 470.97 points.
Gainers were nearly four times higher than losers.
After yesterday's alleged bull-trap, the value of trades on the southern bourse decreased by 6.5 per cent, totalling VND739.57 billion (US$35.2 million) on a volume of 54.9 million shares.
None of the major blue chips suffered losses. Meanwhile, almost all of oil and gas giant PetroVietnam's subsidiaries hit their ceiling prices. Other large-cap stocks to reach the daily increase limit included property developer Hoang Anh Gia Lai (HAG), steelmaker Hoa Phat (HPG) and financial conglomerate Ocean Group (OGC).
On the Ha Noi Stock Exchange, the HNX-Index added 2.8 per cent, closing at 65.70 points. Gainers largely overwhelmed losers by 204-58.
A 12.7-per-cent decrease in trading volume made the value of trades reach only 86 per cent of yesterday's level, standing at around VND557.6 billion ($26.5 million).
Habubank (HBB) became the most active code nationwide with nearly 12.7 million shares changing hands.
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