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Market recovers on large-cap stocks
Shares rebounded during Wednesday morning's trade after struggling as investors were more cautious.
The market benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 0.16 per cent, or 2.16 points, to 1,365.25 points, claiming back some of yesterday's losses.
The market’s breadth was neutral as 177 stocks declined while 175 increased. The liquidity was also lower than yesterday with nearly 362.6 million shares traded on the southern bourse, worth over VNĐ13.23 trillion (US$577 million).
The index recovered as gains in large-cap stocks outweighed the downward trend. The VN30-Index, which tracks the 30 biggest stocks in market capitalisation on HoSE, increased by 0.07 per cent to 1,495.23 points. Of the VN30 basket, 15 stocks climbed, while 10 slid and five stayed unchanged.
There was a strong division between large-cap stocks in the early trade, but sharp rises in Vietcombank (VCB), Masan Group (MSN) and Vinamilk (NVM) helped pull the market at the end of the morning session.
These stocks edged higher in a range of 0.67 - 2.57 per cent.
Meanwhile, Vinhomes JSC (VHM) still weighed on the market sentiment. The shares continued to fall nearly 1.9 per cent.
On Ha Noi Stock Exchange (HNX), the HNX-Index also bounced back, up 0.73 per cent to 345.63 points.
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