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VN-Index rebounds on improved sentiment
Việt Nam's stock market edged higher on Friday morning, with the VN-Index recovering from yesterday's losses.
On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index reversed course to rise higher in the morning trade. The index jumped 11.4 points, or 0.87 per cent, to 1,314.97 points. The market breadth was positive as 227 stocks climbed, while 173 stocks declined.
The liquidity was higher than yesterday with over 501 million shares traded on the southern market, worth nearly VND16.4 trillion.
The recovery was mainly due to gains in large-cap stocks. The VN30-Index inched 0.84 per cent higher in the morning session to 1,449.46 points. Of the VN30 basket, twenty-one stocks increased while only eight stocks fell and one stock stayed flat.
Stocks from real estate, banking, material and utilities sector contributed to the market's bullish sentiment. Of which real estate stocks were leading the trend with Vingroup JSC (VIC) being the biggest gainer this morning, up 1.41 per cent.
Other stocks including JSC Bank For Investment and Development of Vietnam (BIDV, BID), PetroVietnam Gas Joint Stock Corporation (GAS) and Vietnam Rubber Group JSC (GVR) all jumping more than 2 per cent.
On the Ha Noi Stock Exchange (HNX), the HNX-Index rose 0.99 per cent to 307.47 points, helped by a gain of 2.05 per cent in the HNX30-Index.
Foreign investors continued to flock into the market as they net bought VND184.64 billion on both exchanges.
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