Market surges as risk appetite returns
Market surges as risk appetite returns
Shares rebounded on Friday morning on strong buying force, with the market benchmark up nearly 23 points.
On the Hồ Chí Minh Stock Exchange (HoSE), the VN-Index jumped 22.94 points, or 1.73 per cent, to 1,346.52 points. The market's breadth was positive with 290 stocks increasing while 104 stocks declined.
The market liquidity was also high as domestic investors poured over VND13.3 trillion (US$582.1 million) into the southern market, equivalent to a trading volume of nearly 434.1 million shares.
The recovery was boosted by gains in large-cap stocks. The VN30-Index edged 2.23 per cent higher to 1,483.6 points. Of the VN30 basket, twenty-six stocks rose while only three slid and one stayed unchanged.
Stocks across all sectors bounced back as investors' risk appetite returned, with bank stocks still the most attractive investments.
Of the top five stocks dominating the market trend, Vietinbank (CTG) was the biggest gainer, up nearly 7 per cent. It was followed by Techcombank (TCB), up 5.39 per cent.
Hoa Phat Group (HPG), Vinhomes JSC (VHM) and MBBank (MBB) also posted big gains in the morning trade. All these stocks rose more than 1 per cent.
On the Ha Noi Stock Exchange (HNX), the HNX-Index jumped 2.04 per cent to 317.68 points, boosted by the recoveries in large-cap stocks. The HNX30-Index inched 2.83 per cent higher to 494.92 per cent.
