Shares rebound on sluggish volume
Vietnam's stock market rebounded this morning on
both of the nation's stock exchanges after two consecutive days of losses,
while trading volume remained sluggish.
On the HCM Stock
Exchange, the VN-Index rose by 0.41 percent over Nov. 10's value to close at
451.26.
Both market volume
and value declined, with more than 25.4 million shares worth almost 621 billion
VND (29.6 million USD) exchanged - a 39.4 percent decrease in volume and 44
percent drop in value.
Decliners
outnumbered advancers by 109-89.
Many blue chips
rallied. Phu My Fertiliser (DPM) climbed 2.3 percent, Ocean Group (OGC)
increased 1.66 percent, software giant FPT Corp (FPT) rose 1.36 percent, and
property developer Hoang Anh Gia Lai (HAG) rose 0.6 percent.
Financial and
securities shares tumbled. Vietinbank (CTG) fell 0.52 percent, Sacombank (STB)
declined 1.3 percent, HCM City Securities (HCM) decreased 0.4 percent, and
Saigon Securities Inc (SSI) fell 0.82 percent, with the latter becoming the
most active stock after 1.25 million shares changed hands.
On the Hanoi Stock
Exchange, the HNX-Index increased by 0.33 percent to close today's session at
107.18. However, the bourse's market volume fell 13 percent to 22.6 million
shares worth more than 363.9 billion VND (17.3 million USD).
Gainers narrowly
outnumbered losers by 132-121.