Shares bounce back after three-day decline
Shares bounce back after three-day decline
Shares rebounded on Friday morning after a three-day decline thanks to the recovery of major large caps.
The VN-Index on the Ho Chi Minh Stock Exchange recouped 0.42 per cent to end the morning trade at 966.34 points.
On the Ha Noi Stock Exchange, the HNX-Index inched up 0.04 per cent at 105.79 points.
Some blue chips recovered and lifted the market.
Brewer Sabeco (SAB), which lost more than 6 per cent on Thursday, bounced back and regained 5.2 per cent. Others had more modest gains, including private equity firm Masan Group (MSN), up 1.9 per cent; Vietjet (VJC), PV Gas (GAS), Novaland Investment (NVL), steelmaker Hoa Phat Group (HPG) and Mobile World Investment (MWG) with growth of less than 1 per cent each.
On the other side, some underperformed. including Vietinbank (CTG), Eximbank (EIB), FPT Corp (FPT), DHG Pharmaceutival (DHG), PetroVietnam Fertiliser and Chemicals (DPM), sugar maker Thanh Thanh Cong-Bien Hoa JSC (SBT) and VPBank (VPB).
Liquidity remained low with more than 66 million shares worth VND1.1 trillion (US$48.8 million) being traded in the two markets, down 26.7 per cent in volume and 54.5 per cent in value compared to Thursday morning’s session.
According to market analysts, low liquidity showed investor caution in hunting bargain shares amid many forecasts of a steeper decline.
The afternoon session starts at 1pm.
