An investor watches share prices on electronic boards at Tan Viet Securities Co. (Photo: VNA) Hanoi (VNA) - Shares rebounded after a three-day decline on the Ho Chi Minh Stock Exchange on September 22, with the benchmark VN-Index rising 0.4 percent to close at 807.13 points, after declining 0.5 percent in the last three sessions.
Strong rallies of several heavyweight stocks supported the market.
Both FLC Faros Construction (ROS) and budget airline Vietjet (VJC), two of the top 30 largest stocks by market value, hit the ceiling increase of 7 percent a day regulated by the HCM Stock Exchange.
ROS led the market by market value with nearly 2.8 million shares worth 338.7 billion VND (14.9 million USD) being traded. VJC came second with over 1.5 million shares worth 154 billion VND exchanged.
Some large-cap stocks maintained an uptrend, including PV Gas (GAS), insurer Bao Viet Holdings (BVH), brewer Sabeco (SAB), FPT Corp (FPT), steelmaker Hoa Phat Group (HPG), Masan Group (MSN) and Mobile World Group (MWG).
Meanwhile, bank shares slumped after the previous day’s rally.
The Big Four (four biggest banks by market value and assets) – Vietcombank (VCB), Vietinbank (CTG), BIDV (BID) and Military Bank (MBB) – decreased between 0.5-1.3 percent.
According to BIDV Securities Co, September 22’s rally was mainly driven by some heavyweight stocks while cash flows only concentrated on some stocks.
On the Hanoi Stock Exchange, the HNX-Index climbed for a third day, up 0.72 percent to end at 106.52 points. The northern market index has rallied 1.7 percent over the last three sessions.
Liquidity continued to increase with a total of 269.7 million shares worth a combined 5 trillion VND (220.3 million USD) being traded in the two markets, up 21.2 percent in volume and 16.3 percent in value compared to the previous day’s levels.
Foreign traders were mixed on September 22. They remained net sellers in HCM City’s market for a small value of just over 3.7 billion VND, but they picked up shares worth a net 8 billion VND in Hanoi’s market.-VNA
