Shares rebounded on June 5 as investors bet on bargain shares. On the Ho Chi Minh Stock Exchange, the VN-Index regained 1 percent from a three-month low on june 4 to close at 421.02 points.
The value of trades decreased 17 percent from the previous session to over 2 trillion VND (99 million USD), while volume reached nearly 102 million shares.
Half of the total volume is traded through negotiations, including 51 million shares of Sacombank (STB), worth 1.28 trillion VND (61 million USD).
Advancers outnumbered decliners by 187-54. Twenty-one of the 30 leading shares by capitalisation and liquidity rose, lifting the VN30 Index by over 1percent to 498.02 points.
Tan Tao Investment Industry Corp (ITA) led trades in the morning with 2.3 million shares changing hands. ITA closed up 1.4 percent to 7,200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index also gained 1.48 percent over the prior day's close to end June 5's trades at 73.58 points. Volume is sluggish, declining about 15 percent to 37.5 million shares, worth about 370 billion VND (17.6 million USD). Gainers outnumbered losers 253-46.
VNDirect Securities (VND) is the most-active share on the day, with 3 million changing hands, before rising 6.4 percent to settle at VND11,600 per share.
Analysts said June 4's steep slumps overshadowed June 5 morning's more modest declines, but risk appetites soared in the afternoon, rescuing both indices from another fall.
However, Bao Viet Securities Co analyst Nguyen Xuan Binh noted that high sell pressures from overseas investors which focused on large-cap stocks continued to negatively affect index movements. Foreign investors concluded yesterday as net sellers on both exchanges, unloading shares worth a combined 113.5 billion VND (5.4 million USD).
"This may come from the selling activities of exchange-traded funds for redemption purposes," Binh commented on a research note. "It's considered a remarkable risk for the local market if world stocks continued declining".-VNA
The value of trades decreased 17 percent from the previous session to over 2 trillion VND (99 million USD), while volume reached nearly 102 million shares.
Half of the total volume is traded through negotiations, including 51 million shares of Sacombank (STB), worth 1.28 trillion VND (61 million USD).
Advancers outnumbered decliners by 187-54. Twenty-one of the 30 leading shares by capitalisation and liquidity rose, lifting the VN30 Index by over 1percent to 498.02 points.
Tan Tao Investment Industry Corp (ITA) led trades in the morning with 2.3 million shares changing hands. ITA closed up 1.4 percent to 7,200 VND per share.
On the Hanoi Stock Exchange, the HNX-Index also gained 1.48 percent over the prior day's close to end June 5's trades at 73.58 points. Volume is sluggish, declining about 15 percent to 37.5 million shares, worth about 370 billion VND (17.6 million USD). Gainers outnumbered losers 253-46.
VNDirect Securities (VND) is the most-active share on the day, with 3 million changing hands, before rising 6.4 percent to settle at VND11,600 per share.
Analysts said June 4's steep slumps overshadowed June 5 morning's more modest declines, but risk appetites soared in the afternoon, rescuing both indices from another fall.
However, Bao Viet Securities Co analyst Nguyen Xuan Binh noted that high sell pressures from overseas investors which focused on large-cap stocks continued to negatively affect index movements. Foreign investors concluded yesterday as net sellers on both exchanges, unloading shares worth a combined 113.5 billion VND (5.4 million USD).
"This may come from the selling activities of exchange-traded funds for redemption purposes," Binh commented on a research note. "It's considered a remarkable risk for the local market if world stocks continued declining".-VNA
