Stocks rebounded on the afternoon of May 5 after a hard fall on the previous day, lifting both stock indices in the two markets.
On the Hochiminh Stock Exchange, the benchmark VN-Index regained nearly 8 points to close the session at 552.65 points.
Bluechips gave the market momentum as its heavyweight stocks like VinGroup(VIC), Bao Viet Holdings (BVH), FPT Corp (FPT), PV Gas (GAS), Hoa PhatGroup (HPG) and banks like Vietinbank (CTG), Vietcombank (VCB) and BIDV(BID) rose substantially.
The VN30, which tracks the top 30 shares by market value and liquidity, gained 1.55 percent to end the day at 585.43 points.
The market condition was positive with 191 shares climbing, 94 falling and 90 going flat.
Sharesthat dropped sharply on May 4, like HCM City Infrastructure Investment(CII), Hong Huy Investment Services (HHS), Kinh Bac City Development(KBC) and Dat Xanh Real Estate Service & Construction (DXG), alsoimproved.
Analysts commenting on the financial websitevietstock.vn partly attributed the rebound to the signing of theVietnam-RoK free trade agreement on May 5, after two years of talks. Thedeal is expected to lift trade between the two nations to 70 billionUSD annually by 2020.
According to analysts, the agreement willhelp promote Vietnamese exports to the Republic of Korea, therebyimproving revenues for exporting businesses. The RoK is an importantmarket for Vietnam seafood, textiles, footwear, furniture andagricultural products.
Liquidity improved slightly compared tothe previous session with the market volume reaching nearly 117 millionshares, worth 1.83 trillion VND (84.7 million USD).
Propertydeveloper FLC Group (FLC) was the most active stock with 13.4 millionshares traded, and value rising by 4.12 percent to end at VND10,100 ashare.
The rally in HCM City extended to the Hanoi market. The HNX-Index increased 0.36 percent to finish the session at 80.23 points.
The market breadth was relatively neutral with 98 stocks rising, 88 declining and another 177 closing unchanged.
Liquiditywas down, however, as both market volume and value dropped 30 percentfrom the previous session's levels to end at nearly 41 million sharesworth 424 billion VND (19.6 million USD).
FLF Joint VentureGlobal Investment Co (KLF) led trades here with 9 million sharesexchanged and climbing 1.23 percent to end at 8,200 VND a share.
Incontrast to domestic investors' moves, foreign investors turned heads,offloading shares on the Hochiminh Stock Exchange after many days ofbeing net buyers. They were responsible for a net sell value of nearly68 billion VND (3.1 million USD) worth of shares in the southern market.In the Hanoi market, however, they remained net buyers, picking upshares worth 7.2 billion VND (333,300 USD) by the end of the session.-VNA
On the Hochiminh Stock Exchange, the benchmark VN-Index regained nearly 8 points to close the session at 552.65 points.
Bluechips gave the market momentum as its heavyweight stocks like VinGroup(VIC), Bao Viet Holdings (BVH), FPT Corp (FPT), PV Gas (GAS), Hoa PhatGroup (HPG) and banks like Vietinbank (CTG), Vietcombank (VCB) and BIDV(BID) rose substantially.
The VN30, which tracks the top 30 shares by market value and liquidity, gained 1.55 percent to end the day at 585.43 points.
The market condition was positive with 191 shares climbing, 94 falling and 90 going flat.
Sharesthat dropped sharply on May 4, like HCM City Infrastructure Investment(CII), Hong Huy Investment Services (HHS), Kinh Bac City Development(KBC) and Dat Xanh Real Estate Service & Construction (DXG), alsoimproved.
Analysts commenting on the financial websitevietstock.vn partly attributed the rebound to the signing of theVietnam-RoK free trade agreement on May 5, after two years of talks. Thedeal is expected to lift trade between the two nations to 70 billionUSD annually by 2020.
According to analysts, the agreement willhelp promote Vietnamese exports to the Republic of Korea, therebyimproving revenues for exporting businesses. The RoK is an importantmarket for Vietnam seafood, textiles, footwear, furniture andagricultural products.
Liquidity improved slightly compared tothe previous session with the market volume reaching nearly 117 millionshares, worth 1.83 trillion VND (84.7 million USD).
Propertydeveloper FLC Group (FLC) was the most active stock with 13.4 millionshares traded, and value rising by 4.12 percent to end at VND10,100 ashare.
The rally in HCM City extended to the Hanoi market. The HNX-Index increased 0.36 percent to finish the session at 80.23 points.
The market breadth was relatively neutral with 98 stocks rising, 88 declining and another 177 closing unchanged.
Liquiditywas down, however, as both market volume and value dropped 30 percentfrom the previous session's levels to end at nearly 41 million sharesworth 424 billion VND (19.6 million USD).
FLF Joint VentureGlobal Investment Co (KLF) led trades here with 9 million sharesexchanged and climbing 1.23 percent to end at 8,200 VND a share.
Incontrast to domestic investors' moves, foreign investors turned heads,offloading shares on the Hochiminh Stock Exchange after many days ofbeing net buyers. They were responsible for a net sell value of nearly68 billion VND (3.1 million USD) worth of shares in the southern market.In the Hanoi market, however, they remained net buyers, picking upshares worth 7.2 billion VND (333,300 USD) by the end of the session.-VNA
