Shares rebound on back of pillar stocks
Shares rebound on back of pillar stocks
The market rose on Thursday morning, reversed from yesterday course on the back of large-cap stocks.
The VN-Index on the Ho Chi Minh Stock Exchange (HoSE) gained 2.77 points, or 0.19 per cent, to 1,488.59 points. The index lost 0.57 per cent yesterday.
The market's breadth, however, was still negative with the liquidity of over VND13.3 trillion (US$583.7 million).
Foreign investors were net buyers with a value of VND59.02 billion.
The index reversal was due to gains in pillar stocks, especially in financial and real estate sectors. Of which the 30 biggest stocks tracker VN30-Index rose 5.83 points, or 0.38 per cent, to 1,521.77 pọints.
In the VN30 basket, 17 stocks increased, while ten stocks declined and three stocks stayed flat.
Data compiled by vietstock.vn showed that VPBank (VPB) led the market's uptrend this morning, up 1.87 per cent.
Also supporting the benchmark, SSI Securities Corporation (SSI), Sacombank (STB), Vinhomes (VHM), PV Gas (GAS) and VNDirect Securities Corporation (VND) also posted big gains in the morning trade, up in a range of 0.61-4.3 per cent.
Meanwhile, the downtrend was lingering as profit-taking activities still weighed some big stocks, including Masan Group (MSN), Vietcombank (VCB), Navoland (NVL) and SeaBank (SSB).
On the Ha Noi Stock Exchange (HNX), the HNX-Index also edged up 2.04 points, or 0.45 per cent, to 459.87 points.
