Nov 14: Vietnam Shares Reverse Yesterday’s Losses

HA NOI (VNS)- It seemed to investors that stocks would continue to slide after yesterday's decline, but they managed to rebound during this morning's session.The VN-Index added 0.93 per cent to reach 388.81 points as market sentiment improved, with nearly half of listed codes emerging from the session as gainers.

However, trading value dropped 11.7 per cent from yesterday morning's level to VND184.1 billion (US$8.7 million). Trading volume reached 15.3 million shares.

Among blue chips tracked by the VN30, only four retreated, three of which were real estate shares - HCM City Infrastructure Investment (CII), Dic Corp (DIG) and Tu Liem Urban Development (NTL).

Meanwhile, others closed in the green or unchanged. Notably, steelmaker Hoa Phat (HPG) hit the daily increase limit.

The VN30 rose 0.96 per cent to stand at 459.43 points.

On the Ha Noi Stock Exchange, the HNX-Index inched up 0.04 per cent to 52.41 points.

The rally was modest because most of the shares saw no changes in prices.

Market value on the northern bourse also fell 41.4 per cent from yesterday morning, ending at just VND72.78 billion ($3.4 million) on a volume of 12.1 million shares.

Meanwhile, the HNX30, which is composed of the bourse's 30 leading shares in terms of capitalization and liquidity, shed 0.12 per cent to 95.76 points.

Trading will resume at 1 pm. - VNS

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