Monday, 17 Dec 2018
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ECONOMY

Vietnam stocks rebound on bottom-fishing

Updated at Friday, 12 Oct 2018, 12:06
The Hanoitimes - Vietnamese shares bounced back on Friday morning as both domestic and overseas investors stepped in to pick battled stocks after a global market rout a day earlier.
The benchmark VN Index was up 0.86% at 954 at the break while the HNX Index of the Hanoi Stock Exchange gained 0.9% to 108.14.
 
Source: Bloomberg
Movements of the VN Index on Friday morning. Source: Bloomberg
Volume was moderate with 138.6 million shares worth nearly VND3 trillion dong (US$127.6 million) traded.

The rebound was driven by gains of banking stocks such as ACB, BID, CTG, MBB, VCB, VPB, TCB, HDB, property and construction shares. Gains of large-cap tickers such as MWG, VRE, VIC, BHN, PLX, GAS, MWG, PNJ, MSN, BVH also provided support.

Demand also came from foreign players with their net buying reaching VND240 billion (US$10.2 million).

Despite another plunge in Wall Street overnight, the majority of Asian bourses recovered on Friday morning, except the Nikkei 225, China’s Shanghai Index Shenzhen Index.
Anh Minh
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