Shares rebound in morning trading

May 7th at 14:45

07-05-2014 14:45:42+07:00

Thanks to bottom-fishing activities, shares managed to recover this morning after posting losses during the two previous trading sessions.

On the HCM City Stock Exchange, the VN-Index edged up 0.69 per cent to end at 558.93 points.

However, the trading volume and value remained low, with more than 26.7 million shares, worth VND428 billion, or $20.3 million, changing hands.

With the gainers overwhelming the losers by 17-6, the VN30-Index, which tracks the southern city's largest shares by capitalisation and liquidity, gained 0.7 per cent to reach 609.46 points.

HCM City Infrastructure Investment (CII) fell 6.8 per cent to its floor price of VND24,300, or $1.15, per share.

FPT Group (FPT) lost a huge VND14,000 ($0.67), or 21.5 per cent, per share yesterday to finish at VND51,000, or $2.4, per share.

The gainers included Vingroup (VIC), Vinamilk (VNM), Kinh ?o Corporation (KDC) and Bao Viet Holdings (BVH).

On the Ha Noi Exchange, the HNX-Index advanced 0.02 per cent to close at 76.56 points, while the HNXFF-Index, comprising stocks with minimum free float rate of 5 per cent, rose by 0.15 per cent to end at 77.32 points.

The HNX30-Index closed 0.44 per cent higher at 151.62 points.

With only 21.8 million shares changing hands, the trading value was modest at VND189.1 billion, or $9 million.

vietnamnews