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Market mixed, VN-Index recovers
Việt Nam's stock market was mixed on Wednesday morning with the benchmark bouncing back on gains in large-cap stocks.
On the Ho Chi Minh Stock Exchange (HoSE), the market benchmark VN-Index rose 0.04% to 1,355.31 points, recovering from yesterday's sell-off.
The market's breadth was still negative as 304 stocks declined, while 67 stocks climbed. The liquidity, however, was high with over 441.8 million shares traded on the northern bourse, worth nearly VND14.87 trillion (US$645 million).
The index's recovery was mainly boosted by rises in large-cap stocks. The VN30-Index, which tracks 30 biggest stocks in market capitalisation, surged 0.78 per cent to 1,499.98 points.
Stocks in banking, real estate and utilities sectors led the rally with Vinhomes JSC (VHM) the biggest gainer, up 2.36 per cent.
Other stocks posting big increases were PetroVietnam Gas JSC (PVGas, GAS), Hoa Phat Group (HPG) and Vietinbank (CTG).
Meanwhile, the gain was capped by losses in other pillar stocks as selling pressure persisted. Vietcombank (VCB) lost the most this morning, down 2.05 per cent.
On Ha Noi Stock Exchange (HNX), the HNX-Index still dropped 1.16 per cent to 314.82 points.
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