Shares recover after three-day decline
Shares recover after three-day decline
Shares recovered on Friday morning after three straight declining sessions as cash flow returned to the market, pouring into blue-chips.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange moved up 0.32 per cent to close at 984.96 points.
More than 106.5 million shares were exchanged on the southern bourse, worth VND2.35 trillion (US$100.4 million).
The blue-chip VN30 Index rose 0.17 per cent to 909.45 points.
Fourteen of the 30 largest stocks by market capitalisation ended in positive territory, while 13 decreased.
Large-cap stocks such as Bank for Investment and Development (BID), Saigon Securities Incorporation (SSI), Vinhomes (VHM), Vingroup (VIC) and Vincom Retail (VRE) all increased.
SSI increased by 1.3 per cent to VND27,650. The firm recently signed an unsecured loan contract worth US$55 million with a financial institution group, led by Taiwan’s SinoPac Bank.
This is the first time a Vietnamese securities company has been granted such large-scale credit in this form.
Media conglomerate Yeah1 Group (YEG) hit the daily limit rise of 7 per cent for the second session after 12 straight slumping sessions.
On the Ha Noi Stock Exchange, the HNX-Index lost 0.07 per cent to end at 107.74 points.
Nearly 25.2 million shares were traded on the northern bourse, worth VND315 billion.
The afternoon trading session starts at 1pm.
