VN shares bounce back amid profit taking pressure
Vietnamese shares advanced on Wednesday morning, picking up after having been beaten by profit taking pressure.
The benchmark VN-Index on the Ho Chi Minh Stock Exchange gained 0.84 per cent to close at 834.50 points.
The VN-Index had dropped as much as 0.71 per cent during the morning session.
The benchmark index had gained total 3.65 per cent in the previous two trading days.
The market picked up from early losses as large-cap stocks continued rising.
The blue-chip index VN30 rose 0.95 per cent to 775.52 points.
Twenty-three of the 30 largest stocks by market capitalisation and trading liquidity in the large-cap basket increased while four declined.
The best large-cap gainers included steel producer Hoa Phat (HPG), brewer Sabeco (SAB), retailer Mobile World Investment (MWG), HDBank (HDB), and Phu Nhuan Jewellery JSC (PNJ).
Mid-cap and small-cap stocks also made strong gains as the two sector indices added nearly 1 per cent each.
On the Ha Noi Stock Exchange, the HNX-Index went up 1.14 per cent to end Wednesday morning at 113.78 points.
The northern market index had increased by total 4.64 per cent in the previous two days.
More than 213.7 million shares were traded on the two exchanges, worth VND3.43 trillion (US$148.6 million).
The afternoon trading session starts at 1pm.