Shares rebound on new optimism
Shares rebound on new optimism
Shares rebounded yesterday with improved liquidity and sentiment.
According to a poll by the financial information website vietstock.vn, up to 86 per cent of investors believed that the VN-Index would continue to rise today while 83 per cent were confident that the HNX-Index would also grow.
On the HCM City Stock Exchange, the benchmark VN-Index inched up 0.64 per cent to reach 511.02 points on a turnover of VND1.14 trillion (US$53.7 million), which increased 16.5 per cent.
This level was the highest within the past month and doubled the average recorded in the first two weeks of August. Winners outnumbered losers by 136-62.
Among the 30 leading shares by capitalisation and liquidity, only seven stocks slightly retreated.
Meanwhile, PetroVietnam Low Pressure Gas Distribution (PGD) saw its share value rise 5.5 per cent, followed by PetroVietnam Drilling Services (PVD) with 4.3 per cent, Kinh Do Confectionery (KDC) with 2.9 per cent and software developer FPT (FPT) with 2.4 per cent.
The VN30 gained 0.44 per cent overall to reach 561.62 points.
On the Ha Noi Stock Exchange, the HNX-Index added nearly 1.1 per cent, reaching 62.93 points.
The number of advancers more than doubled decliners.
Around 27.5 million shares changed hands and trading value hit VND228.2 billion ($10.7 million) in total, jumping 46.2 per cent over last Friday's session.
The HNX30, tracking the northern bourse's 30 largest shares, grew 2 per cent to end at 118.03 points.
According to analyst Hoang Huy from ACB Securities Company, benchmark indices passed their resistance levels, which meant they would rally further and generate opportunities for short-term investors.
However, foreign investors were net sellers in HCM City yesterday by a relatively high value of VND135.47 billion ($6.3 million). They remained buyers in Ha Noi with a net purchasing value of VND16.84 billion ($794,300).
vietnamnews
