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Shares rise as bargain hunters scoop up large-caps
Shares recovered on Tuesday morning from a sharp drop as investors found value in beaten-down stocks.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 2.17 per cent to end at 850.50 points.
The index plunged 3.6 per cent to end Monday at 832.47 points.
More than 250 million shares were traded on the southern bourse, worth nearly VND3.4 trillion (US$147.6 million).
The blue-chip share tracker VN30-Index gained 2.03 per cent to 794.54 points.
Twenty-seven of the 30 largest stocks by market valuation and trading liquidity increased while three decreased.
Among gainers were Vingroup (VIC), Vincom Retail (VRE), Vinhomes (VHM), Vietcombank (VCB), Bank for Investment and Development (BID), Vietinbank (CTG) and Military Bank (MBB).
On the Ha Noi Stock Exchange, the HNX-Index was up 1.13 per cent to close Tuesday morning at 115.11 points.
More than 39 million shares were traded on the northern bourse, worth nearly VND379 billion.
The afternoon trading session starts at 1pm.
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