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Vietjet hits ceiling price, VN-Index rebounds
The VN-Index rebounded on Friday morning after a three-day decline, as many large-cap stocks gained substantially.
On the HCM Stock Exchange, the VN-Index was up 0.33 per cent to 806.57 points. The key index decreased 0.5 per cent in the last three trades.
Many heavyweight stocks advanced this morning and supported the market, including Vietjet (VJC), PV Gas (GAS), Petrolimex (PLX) and Ha Noi Beer-Alcohol-Beverage (BHN), as well as FPT Corp (FPT), Masan Group (MSN) and Hoa Phat Group (HPG).
Vietjet hit the ceiling price to VND104,700 (US$4.61), equivalent to a daily maximum rise of 7 per cent on the HCM City’s exchange. The budget airline today paid bonus shares at a ratio of 40 per cent, equivalent to a total of nearly 129 million shares.
On the other hand, many large-cap stocks sank in the red such as Vinamilk (VNM), VinGroup (VIC), Bao Viet Holdings (BVH) and BIDV (BID), as well as Hoa Sen Group (HSG) and DHG Pharmaceutical (DHG), but their slumps were modest by less than 1 per cent.
On the Ha Noi Stock Exchange, the HNX-Index also increased 0.36 per cent to 106.13 points.
Liquidity improved, with 169 million shares worth some VND3 trillion ($130 million) being traded in the two markets.
The afternoon trade session starts at 1pm.
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