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Market recovers, VN-Index gains more than 31.6 points
Shares pared losses, recovering from yesterday's plunge with many big stocks climbing.
The VN-Index, the benchmark on the Hồ Chí Minh Stock Exchange (HoSE), rose 3.09 per cent, equivalent to 31.64 points, to 1,055.58 points. The stock sell-off ended and the market breadth was returning to positive territory with 341 stocks increasing, while 114 stocks declined.
The 30 large-cap tracker VN30-Index also climbed 3.68 per cent to end Friday morning's session at 1,047.93 points. Twenty-seven of the 30 large-cap basket increased, while only three stocks went down.
Of the 30 largest stocks, FLC Faros Construction Joint Stock Company (ROS) was the only stock to hit the maximum daily loss. The share traded at VNĐ4,480 at the end of the morning session, down 6.86 per cent.
All sectors including banking, securities, production, real estate and construction rose this morning.
Big stocks like Vietcombank (VCB), Techcombank (TCB), Vietinbank (CTG), Việt Nam Dairy Products JSC (VNM) and Vingroup JSC (VIC) rose by 4.12 - 6.56 per cent.
In the morning session, over 662.7 million shares were traded on the southern bourse, worth nearly VNĐ14.58 trillion.
On the Hà Nội Stock Exchange, the HNX-Index increased by 2.44 per cent to 208 points. The 30 large-cap tracker HNX30-Index on the northern market also rose 2.34 per cent to 310.71 points.
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