Stocks rebounded on both national stock exchanges on August 16 as investors began hunting shares at bargain prices following last week's slump.
On the HCM Stock Exchange, the VN-Index rose 2.66 percent to close at 464.76. Ninety-four percent of codes posted gains on the day, with 120 codes cl
sing at their ceiling prices.
Blue chips led the market rebound, with the eight leading shares by capitalisation all rising, including Hoang Anh Gia Lai Co (HAG), Masan Group (MSN), Vietcombank (VCB), Sacombank (STB), Eximbank (EIB), Vietinbank (CTG), Vinamilk (VNM) and Saigon Securities Inc (SSI).
SSI, the most-active share on a volume of nearly 1.7 million, gained 4.95 percent to end the session at 29,700 VND (1.55 USD) per share.
Overall market volume fell 12 percent from August 13's session, however, to 40.4 million shares, while the value of trades declined 18 percent to 1.1 trillion VND (57.8 million USD).
On the Hanoi Stock Exchange, the HNX-Index gained a whopping 3.8 percent over last Friday's close to end the day at 140.11 points. Trading volume also increased by 11.7 percent, reaching nearly 34.6 million shares, worth a total of 835.4 billion VND (43.5 million USD).
Advancers outnumbered decliners by 303-10, and Kim Long Securities Co (KLS) became the most heavily-traded share with nearly 4.3 million changing hands. KLS closed up 5.37 percent to 15,100 VND (0.79 USD).
Foreign investors remained wary, picking up a net buy of just 8 billion VND (417,000 USD) on the HCM stock market on August 16, while offloading shares worth a net of 1 billion VND (53,000 USD) on the Hanoi market./.
On the HCM Stock Exchange, the VN-Index rose 2.66 percent to close at 464.76. Ninety-four percent of codes posted gains on the day, with 120 codes cl
sing at their ceiling prices.
Blue chips led the market rebound, with the eight leading shares by capitalisation all rising, including Hoang Anh Gia Lai Co (HAG), Masan Group (MSN), Vietcombank (VCB), Sacombank (STB), Eximbank (EIB), Vietinbank (CTG), Vinamilk (VNM) and Saigon Securities Inc (SSI).
SSI, the most-active share on a volume of nearly 1.7 million, gained 4.95 percent to end the session at 29,700 VND (1.55 USD) per share.
Overall market volume fell 12 percent from August 13's session, however, to 40.4 million shares, while the value of trades declined 18 percent to 1.1 trillion VND (57.8 million USD).
On the Hanoi Stock Exchange, the HNX-Index gained a whopping 3.8 percent over last Friday's close to end the day at 140.11 points. Trading volume also increased by 11.7 percent, reaching nearly 34.6 million shares, worth a total of 835.4 billion VND (43.5 million USD).
Advancers outnumbered decliners by 303-10, and Kim Long Securities Co (KLS) became the most heavily-traded share with nearly 4.3 million changing hands. KLS closed up 5.37 percent to 15,100 VND (0.79 USD).
Foreign investors remained wary, picking up a net buy of just 8 billion VND (417,000 USD) on the HCM stock market on August 16, while offloading shares worth a net of 1 billion VND (53,000 USD) on the Hanoi market./.
