Market rebounds on large-cap stocks’ recovery
Market rebounds on large-cap stocks’ recovery
Shares rebounded on Wednesday morning following a two-day decline, with several large-cap stocks recovering.
The VN-Index on the HCM Stock Exchange was up 0.6 per cent at 771.8 points.
Blue chips led the market rebound with seven of the top 10 largest shares by market value advancing.
Two of the top three largest listed lenders - Vietinbank (CTG) and BIDV (BID) - increased 1.1 per cent and 0.5 per cent, respectively.
Other gainers such as Vinamilk (VNM), budget airline Vietjet (VJC), Petrolimex (PLX) and PV Gas (GAS) rose by less than one per cent.
Hoang Anh Gia Lai Co (HAG), Hoang Anh Gia Lai Agricultural Investment Co (HNG) and Tan Tao Investment Industry Corp (ITA) all gained value this morning despite information that the three stocks would be removed from the VN30 from July 24.
The VN30 tracks the top 30 shares by market value and liquidity on the HCM Stock Exchange.
On the negative side, many large-cap stocks slumped, including Bao Viet Holdings (BVH), Mobile World Group (MWG), Vietcombank (VCB), Military Bank (MBB), and steelmakers Hoa Phat Group and Hoa Sen Group (HSG).
On the Ha Noi Stock Exchange, the HNX-Index recouped 0.5 per cent to reach 99.1 points.
A total of 148.3 million shares worth a combined VND2 trillion (US$90.2 million) were traded on the two markets.
The afternoon session starts at 1pm.
