VN stocks rebound as investors find opportunities
VN stocks rebound as investors find opportunities
Vietnamese shares ended higher in the early session as investors found opportunities to purchase stocks that had shown significant declines last week.
The benchmark VN Index on the HCM Stock Exchange edged up 0.4 per cent to close at 621.81 points and the HNX Index on the Ha Noi Stock Exchange rose 0.3 per cent to end at 84.13 points.
The stocks, which were sold actively by exchanged traded funds (ETFs) last week, witnessed a good rebound in the early session.
These included property and retail firm Vingroup JSC (VIC), car-parts distributor Hoang Huy Investment Service JSC (HHS) and Sai Gon Securities Inc (SSI).
VIC advanced 1.9 per cent, HHS jumped 4.1 per cent and SSI added 1.5 per cent.
Energy stocks also helped drive markets up after oil prices recovered strongly on Friday and had currently moved up on global exchanges.
US crude West Texas Intermediate (WTI) traded at US$48.47 per barrel, climbing nearly 5 per cent in the last two trading days.
Among the local energy stocks, PetroVietnam Gas Corp (GAS) gained 1.7 per cent and PetroVietnam Drilling and Well Service Corp (PVD) jumped 4.7 per cent.
Investors on both local bourses exchanged more than 82.5 million shares worth VND1.35 trillion ($60.3 million)
