Shares rebound after three day decline
Shares rebound after three day decline
Vietnamese shares rebounded on Friday after a three-day decline thanks to the recovery of some individual large-caps.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.39 per cent to close at 953.83 points.
The southern market index lost 0.43 per cent on Wednesday.
More than 80.8 million shares were traded on the southern bourse, worth VND1.7 trillion (US$72 million).
Gaining stocks outnumbered gainers by 147 to 98 on the southern market while 64 others were unchanged.
The large-cap VN30-Index was up 0.38 per cent to 862.98 points with 18 of the 30 largest stocks by market value and trading liquidity climbing.
After three consecutive declining sessions, the market indices recovered with Vietcombank (VCB) as a strong supporter with an increase of 1.6 per cent to VNĐ68,400 per share. Large-cap stocks like Vingroup (VIC), Vietjet Air (VJC), VPBank (VPB), Bank for Investment and Development (BID) and Vietinbank (CTG) also gained and pushed up the general market.
Oil and gas stocks such as GAS, PVS, PVD, PVC or PVB also inched up. Of which, GAS increased by 0.5 per cent, PVD increased by 0.5 per cent and PVS climbed 1.4 per cent.
Global oil prices on June 13 soared by 2.2 per cent. Brent futures rose by 2.3 per cent to $61.31 per barrel, sometimes reaching $62.64 per barrel. WTI futures climbed 2.23 per cent, to $52.28 per barrel.
On the Ha Noi Stock Exchange, the HNX-Index edged up 0.25 per cent to end at 103.76 points.
More than 18.7 million shares were traded on the northern market, worth VND176 billion.
The HNX-Index shed 0.06 per cent in the previous day.
The afternoon trading session starts at 1pm.
