Shares recover as market sentiment improves
Shares recover as market sentiment improves
Shares recovered this morning after falling for three days, boosted by the rallies of several large-cap stocks.
Analysts said the successful negotiation on the Vietnam-European Union Free-Trade Agreement and the news about petrol price reduction had a positive impact on the market sentiment.
On the HCM Stock Exchange, the VN-Index recouped three points, or 0.5 per cent, to close at 603.75 points, while the VN30, which tracks the top 30 shares by market value and liquidity, gained a more substantial 0.59 per cent to end at 635 points.
Many blue chips such as Bao Viet Holdings (BVH), Vietinbank (CTG), Military Bank (MBB) and Masan Group (MSN) rose by one to two per cent.
The negative impact of the stalling of TPP talks last week weakened and textile and seafood shares improved again this morning.
Thanh Cong Textile Garment Investment Trading (TCM), Hung Vuong Group (HVG), Mirae (KMR) and TNG Investment and Trading grew between 1.6 and 3.5 per cent.
The overall liquidity was still low, however, with about 52 million shares, worth VND844 billion ($38.7 million), being traded by the end of the morning.
Real estate giant FLC Group (FLC) remained the most active code with 3.7 million of its shares being traded, rising 3.85 per cent to stand at VND8,100 per share.
On the Ha Noi Stock Exchange, the HNX-Index also climbed 0.98 per cent to finish at 83.99 points, but the market value remained very modest at nearly VND260 billion ($11.9 million).
Only three shares saw trading of more than one million shares. KLF Joint Venture Global Investment Co (KLF) was leading with 5.6 million of its shares being exchanged, far exceeding the second most active code of FIT Investment Co (FIT) with just 1.7 million shares.
The afternoon session will start at 1pm.
