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Bottom fishing pushes shares up

Oct 29th at 13:42
29-10-2020 13:42:38+07:00

Bottom fishing pushes shares up

Shares rebounded on Thursday morning as bottom-fishing cash flow prevented market from falling further.

benchmark VN-Index on the Ho Chi Minh Stock Exchange rose 0.05 per cent to 921.53 points.

The southern market index had plunged 2.69 per cent to end Wednesday at 921.05 points.

More than 214.7 million shares were traded on the southern exchange, worth VNĐ4.2 trillion (US$181.4 million).

The blue-chip tracker VN30-Index was down 0.08 per cent to 888.21 points.

Investors sought stocks that suffered sharp falls in the previous session, including Vietinbank (CTG), HDBank (HDB), Hoa Phat Group (HPG), Military Bank (MBB), Vietnam National Petroleum Group (PLX), Sabeco (SAB), Vietcombank (VCB) and VPBank (VPB).

On the Ha Noi Stock Exchange, the HNX-Index decreased by 0.34 per cent to 133.58 points.

Nearly 27.8 million shares were traded on the northern exchange, worth VND383 billion.

The afternoon trading session starts at 1pm. 

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