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.
An investor watches share prices on electronic boards at Tan Viet Securities Co. (Photo: VNA)
Hanoi (VNA) -𒁃 Shares rebounded after a three-day decline on the Ho ChiMinh Stock Exchange on September 22, with the benchmark VN-Index rising 0.4 percentto close at 807.13 points, after declining 0.5 percent in the last threesessions.
Strongrallies of several heavyweight stocks supported the market. BothFLC Faros Construction (ROS) and budget airline Vietjet (VJC), two of the top30 largest stocks by market value, hit the ceiling increase of 7 percent a dayregulated by the HCM Stock Exchange. ROSled the market by market value with nearly 2.8 million shares worth 338.7billion VND (14.9 million USD) being traded. VJC came second with over 1.5million shares worth 154 billion VND exchanged. Somelarge-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. TheBig Four (four biggest banks by market value and assets) – Vietcombank (VCB),Vietinbank (CTG), BIDV (BID) and Military Bank (MBB) – decreased between0.5-1.3 percent. Accordingto BIDV Securities Co, September 22’s rally was mainly driven by someheavyweight stocks while cash flows only concentrated on some stocks. Onthe Hanoi Stock Exchange, the HNX-Index climbed for a third day, up 0.72 percentto end at 106.52 points. The northern market index has rallied 1.7 percent overthe last three sessions. Liquiditycontinued to increase with a total of 269.7 million shares worth a combined 5trillion VND (220.3 million USD) being traded in the two markets, up 21.2 percentin volume and 16.3 percent in value compared to the previous day’s levels. Foreigntraders were mixed on September 22. They remained net sellers in HCM City’smarket for a small value of just over 3.7 billion VND, but they picked upshares worth a net 8 billion VND in Hanoi’s market.-VNA
Shares moved in opposite directions on the two stock exchanges on September 20. Investors’ sentiment was fragile as worry swirled about the possibility of a deeper correction.
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An investor watches share prices on electronic boards at Tan Viet Securities Co. (Photo: VNA) 
