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Stocks rebound on improved trading
Shares recovered slightly this morning on the two exchanges, as investors calmed down and reduced the selling out of shares.
In HCM City, the VN-Index climbed 0.57 per cent over yesterday's close to reach 584.11 points, while the VN30, which tracks the top 30 shares by market value and liquidity, rose 0.82 per cent to end at 620.21 points.
The Ocean Group (coded OGC) lost another 4.9 per cent to close at VND9,700 per share, following the news report about the arrest of its former chairman over charges of lending fraud. It remained the most active code with 10.8 million of its shares being exchanged.
Other blue chips rebounded, including Hoang Anh Gia Lai Co (HAG), Saigon Securities Inc (SSI), Sacombank (STB), Hoa Phat Group (HPG) and FPT Corp (FPT)
Liquidity also improved, with more than 69 million shares worth VND1.11 trillion (US$52.6 million) being traded by the end of the morning.
In Ha Noi, the HNX-Index increased 0.6 per cent to finish at 84.88 points, with more than 31 million shares worth VND387.5 billion ($18.4 million) changing hands.
Only seven stocks saw trading of more than one million shares. With 4.3 million shares traded, KLF Joint Venture Global Investment Co (KLF) was the most active stock. It grew 3.7 per cent to be traded at VND11,200 per share.
The trading will resume at 1pm.
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