Shares rebound on buying force
Vietnamese shares rebounded on Tuesday morning, pulled up by strong buying demand at the end of the early session.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.04 per cent to close at 959.67 points.
The index had plunged 1.18 per cent to end at 959.31 points on Monday.
Large-cap companies were the main cause for the stock market’s rally in the early trading session.
The large-cap VN30-Index rose 0.13 per cent to stand at 876.20 points.
Fifteen of the 30 largest stocks by market value and trading liquidity in the VN30 basket increased.
At the end of the morning session, the market witnessed good bottom-fishing demand and this helped many pillar stocks rebound, such as FPT Corporation (FPT), Hoa Phat Group (HPG), Hoa Sen Group (HSG), Vincom Retail (VRE), Vietcombank (VCB), Asia Commercial Bank (ACB), Bank for Investment and Development (BID), Vietinbank (CTG), Military Bank (MBB) and Saigon-Hanoi Bank (SHB).
Nearly 112.5 million shares were traded on the southern bourse during the morning session, worth VND2.5 trillion (US$106.9 million).
On the Ha Noi Stock Exchange, the HNX-Index rose 0.94 per cent to end Tuesday morning at 101.85 points.
More than 12.3 million shares were traded on the northern bourse, worth VND143.4 billion.
The northern market index was down 1.56 per cent to end Monday at 100.90 points.
The afternoon trading session starts at 1pm.