Stocks rebound after holiday

Stocks rebound after holiday

Shares opened this morning's session in green after the three-day national holiday

On the HCM City Stock Exchange, the VN-Index retreated for a few minutes but finally rallied by nearly 1 per cent, reaching 445.26 points. The VN30 rose 1.1 per cent to 505.56 points.

Advancers outnumbered decliners by 162-70.

The value of trades, however, dipped 39.2 per cent compared to last Friday's bull trap to just VND492.57 billion (US$23.4 million). Trading volume reached around 38.3 million shares.

Of the 10 leading shares by capitalisation, only insurer Bao Viet Holdings (BVH) and property developer Vincom (VIC) tumbled, losing 0.7 and 0.5 per cent, respectively.

Military Bank (MBB) was the most active stock on the southern bourse with 3.5 million shares changing hands, followed by Refrigeration Electrical Engineering Corp (REE) with more than 2.7 million shares traded.

On the Ha Noi Stock Exchange, the HNX-Index enjoyed a substantial gain of nearly 2.5 per cent to 73.99 points.

Nearly half of all listed codes managed to post gains. Market value reached only 62.2 per cent of last Friday's close, totalling VND414.96 billion ($19.76 million) on a volume of 44.8 million shares.

With some 8 million shares exchanged, Habubank (HBB) claimed the highest trading volume nationwide.

The market will resume at 1.00 pm on both bourses.

vietnamnews