Market rebounds, VN-Index gains more than 10 points

The market edged higher on Tuesday morning, recovering from yesterday's losses on large-cap stocks.

The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 10.17 points, or 0.74 per cent, to 1,382.8 points. The market's breadth returned to positive with 204 stocks climbing while 170 stocks declined.

The liquidity was slightly lower than yesterday. During the morning session, over 440.3 million shares were traded on the southern bourse, worth nearly VND13.3 trillion (US$577 million).

The market's recovery was boosted by gains in large-cap stocks in many sectors including banking, real estate, materials, utilities, transportation and logistics.

The VN30-Index posted an increase of 14.43 points, or 0.98 per cent, to 1,492.72 points. Of 30 biggest stocks in the VN30 basket, 23 stocks jumped while only four stocks fell and three stayed unchanged.

No Va Land Investment Group Corporation (Novaland, NVL) was still the biggest gainer this morning, up 4.59 per cent.

It was followed by stocks in banking and material sectors, including Vietinbank (CTG), MBBank (MBB), Vietcombank (VCB) and Hoa Phat Group (HPG). All these stocks jumped more than 1 per cent in the morning session.

Other stocks like Vietnam Rubber Group (GVR), PetroVietnam Gas JSC (PVGAS, GAS), and Vietjet Aviation JSC (VJC) also inched up more than 1 per cent.

On the Ha Noi Stock Exchange (HNX), the HNX-Index rose 0.77 per cent to 318,67 points, boosted by gains in pillar stocks with the HNX30-Index, which tracks 30 biggest stocks in northern market, up 0.54 per cent to 504.96 points. 

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