Shares rebound on financial stock recovery
Shares rebound on financial stock recovery
Shares rebounded on the two exchanges on Wednesday, with many large-cap stocks, especially financial stocks, recovering.
The benchmark VN-Index on the HCM Stock Exchange was up 0.31 per cent at 743.22 points.
On the smaller Ha Noi Stock Exchange, the HNX-Index edged up 0.82 per cent to 92.66 points.
Financial stocks regained their strength, especially bank shares, following a brief fall on Tuesday.
Eight of nine listed lenders advanced and only one remained unchanged.
Military Bank (MBB) hit the maximum rise of seven per cent allowed for a single trading session on HCM City’s exchange. Others advanced by 2-3 per cent.
Shares of securities firms also increased, including big names such as Saigon Securities Inc (SSI), HCM Securities Corp (HCM) and BIDV Securities Co (BSI).
Twenty one of the top 30 largest shares by market value and liquidity on the main bourse in HCM City’s market gained value and eight tumbled.
A total of nearly 167 million shares worth a combined VND3.34 trillion (US$147 million) were traded on the two markets.
Afternoon trade starts at 1pm.
