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Shares rebound after panic trading
Shares advanced on both the national stock exchanges this morning after being ravaged by the East Sea tension yesterday.
The repercussions of yesterday's panic trading continued to make an impact this morning. However, the demand for stocks improved.
On the HCM City Stock Exchange, the VN-Index added 8.08 points or 1.53 per cent to end at 535.17 points.
The large-cap stocks made a strong rebound from yesterday's sell-offs, with the VN30-Index, which tracks the southern city's top shares by capitalisation and liquidity, adding 1.63 per cent to reach 584.68 points. Among these, there were 22 gainers and four losers.
The gainers included Vinamilk (VNM), the Hoa Phat Group (HPG), the Da Nang Rubber Corporation (DRC), Vingroup (VIC) and the Masan Group (MSN).
However, the HCM City Infrastructure Investment Corporation (CII) slid 6.6 per cent this morning, falling to its floor price for three consecutive sessions.
More than 78.6 million shares, worth VND535.17 billion, or $25.4 million, were traded this morning.
On the Ha Noi Exchange, the HNX-Index closed at 73.28 points, adding 2.26 per cent, while the HNXFF-Index ended 2.27 per cent higher at 74.03 points.
The HNX30-Index, comprising the northern bourse's top stocks, advanced 3.28 per cent to reach 143.33 points.
With more than 44 million shares changing hands, the trading value reached VND364.6 billion, or $17.2 million.
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