Market rebounds, profit taking pressure rises

Viet Nam, stock market, profit taking, large-caps, Viet Nam, stock market, profit taking, large-caps, Markets,
A PetroVietnam Gas Corporation facility. The company shares gained 1.1 per cent on Thursday morning. — Photo tinnhanhchungkhoan.vn

Vietnamese shares picked up on Thursday morning, driven by several large-cap stocks.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange inched up 0.12 per cent to 913.55 points.

The VN-Index dropped as much as 0.57 per cent during the session.

Viet Nam’s benchmark index gained 0.70 per cent on Wednesday.

The market dipped in the early period of the day but quickly rebounded thanks to the growth of some blue chips.

In the large-cap basket VN30, PetroVietnam Gas (GAS) gained 1.1 per cent, Military Bank (MBB) was up 0.8 per cent, Vietcombank (VCB) increased by 0.7 per cent, and realty firm Vingroup (VIC) advanced 0.6 per cent.

The blue-chip tracker VN30-Index, however, slid 0.05 per cent to 857.86 points as profit taking pressure rose.

Attention was paid to mid-cap and small-cap stocks.

The mid-cap and small-cap trackers on the southern bourse grew 0.24 per cent and 0.34 per cent, respectively.

On the Ha Noi Stock Exchange, the HNX-Index slipped 0.11 per cent to 132.50 points.

The HNX-Index had rallied total 3.73 per cent in the previous five days.

More than 226 million shares were traded on the two exchanges, worth VND3.72 trillion (US$160 million).

The afternoon trading session starts at 1pm. — VNS

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