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Blue chips lift VN Index after three-day fall
Shares rebounded on the HCM Stock Exchange after having fallen for three consecutive sessions, driven by large-cap companies on investors’ hunt for low-priced stocks.
The benchmark VN Index gained 0.28 per cent to close Wednesday morning to 800.22 points, recovering from a three-day decline of 0.84 per cent.
Nearly 68.4 million shares were traded on the southern market, worth VND1.26 trillion (US$56 million).
Large-cap stocks performed well in the morning session, with 19 of the top 30 companies by market capitalisation and trading liquidity in the VN30 Index advancing.
The VN30 Index moved up 0.43 per cent to 790.41 points, as it was lifted by bank stocks.
Among the best five large-cap stocks in the morning session were the four banks, Vietcombank (VCB), Vietinbank (CTG), MBBank (MBB) and BIDV (BID).
Other blue chips that also made good gains included property developer Vingroup (VIC), brewer Sabeco (SAB) and digital product retailer Mobile World (MWG).
Speculative stocks were also positive, such as HAI Agrochem Co (HAI), real-estate firms An Duong Thao Dien Co (HAR) and FLC Group (FLC).
The HNX Index on the Ha Noi Stock Exchange inched up 0.18 per cent to end at 106.72 points.
The northern market index had dropped total more than 1 per cent in the previous two sessions.
More than 20.8 million shares were traded on the northern bourse, worth VND221.5 billion.
The afternoon trade session starts at 1pm.
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