Shares recover on bottom fishing
Shares recover on bottom fishing
Vietnamese shares bounced back on Thursday morning as investors sought out stocks that had been hit hard in the previous session. 
The benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.87 per cent to close at 957.28 points.
Nearly 86.4 million shares were traded on the southern bourse, worth VNĐ1.6 trillion (US$68.9 million).
The index slumped 1.03 per cent to close Wednesday at 948.98 points.
Market breadth was positive, with 217 gaining and 95 stocks declining, while 45 ended flat.
The pillar stocks attracted cash flow, all rising and supporting the market. Gainers included Vietcombank (VCB), VPBank (VPB), Vincom Retail (VRE), Sài Gòn-Hà Nội Bank (SHB), Masan Group (MSN), Bank for Investment and Development (BID). BID increased by 3.2 per cent to VND48,600 per share. VCB rose by 1.1 per cent to VND88,000 per share.
On a sector basis, eight of the 25 sectors saw share prices dropping, including wholesale, oil and gas and agriculture.
On the opposite side, 17 of the 25 sectors saw share prices rising, including insurance, information and technology, logistics, construction material, real estate, banking, plastic and chemicals.
On the Ha Noi Stock Exchange, the HNX-Index climbed 0.95 per cent to end at 101.28 points on Thursday morning.
More than 14.15 million shares were traded on the northern market, worth VND168 billion.
The northern index lost 1.07 per cent to end at 100.33 points on Wednesday.
