Shares rebound after falling for two days

Shares rebound after falling for two days

Stocks recovered this August 29 morning on both exchanges after two consecutive falling sessions, but trading remained sluggish.

On the HCM City Stock Exchange, the VN-Index gained 1.87 per cent to close at 392.99 points on a total turnover of more than VND356.5 billion (US$17 million).

Advancers outnumbered decliners by 165-45, led by blue chips.

Phu My Fertiliser (DPM) rose to the ceiling, while Insurer Bao Viet Holdings (BVH), dairy giant Vinamilk (VNM), Vietcombank (VCB) and steelmaker Hoa Phat Group (HPG) all jumped from 1-3.5 per cent.

However, Sacombank (STB), food giant Masan Group (MSN) and Eximbank (EIB) continued to decline in volume.

Eximbank was the most active code on trades of more than 2.1 million shares, rising 2.5 per cent to VND15,700 ($0.75) a share.

The VN30 tracking the top 30 shares on the southern bourse was also up 1.4 per cent to 460.46 points.

Meanwhile, the HNX-Index on the Ha Noi Stock Exchange also grew 2.16 per cent to finish at 61.02 points, with gainers overwhelming losers by 149-40.

The HNX30 also increased 3.45 per cent to stand at 116.21 points.

Almost 20.4 million shares, worth nearly VND190 billion ($9 million), changed hands this morning, with VNDirect Securities (VND) being the most active code on trades of more than three million shares.

VNDirect closed 4.2 per cent up to reach VND10,000 a share.

Trading will resume at 1pm.

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