Shares on May 9 rebounded from the biggest ever retreat that occurred at the previous session.
On Hochiminh Stock Exchange, the VN-Index recovered from a four-month low, adding 15.37 points or as much as 2.92 percent to end at 542.46 points on May 9.
After suffering from heavy sell-off on May 7 trading, with most of blue chips declining to their floor prices, the VN-Index, tracking the southern city's 30 largest shares by capitalisation and liquidity, advanced 2.19 percent to end at 587.91 points.
Among large-cap stocks, gainers overwhelmed losers by 23–3. The green replaced the red on the billboard with 163 advancers, nearly doubling losers, which numbered 82.
Large gains came from Vinamilk (VNM), Bao Viet Holdings (BVH), Da Nang Rubber Corporation (DRC) and Masan Group (MSN) as well as from Kinh Do Corporation (KDC). Pha Lai Thermoelectric Company (PPC) rose by 6.8 percent to a ceiling of 20,300 VND (US$0.9 USD) a share.
However, the Ho Chi Minh City Infrastructure Investment Corporation (CII) slid 6.6 percent on May 9, falling to its floor price for three consecutive sessions.
Sellers were less anxious due to efforts by the State Securities Commission to calm the market, according to FPT Securities. The market liquidity failed to make a breakthrough as the bottom-fishing capitals were hesitant, however.
On the southern bourse, the trading volume and value decreased by 19 percent and 40 percent, respectively, over the previous trading to 118.8 million shares and 1.71 trillion VND (81.4 million USD).
FLC Group (FLC) was in the lead by trading volume on the southern bourse with significantly 21 million shares changing hands.
On the Hanoi Exchange, the HNX-Index strongly rebounded 3.54 percent to end at 74.19 points, while the HNXFF-Index, composed of stocks with minimum free float rate of 5 percent, ended up 3.37 percent to 74.82 points.
Large-cap stocks posted large gains with the HNX30 Index adding 4.28 percent to finish at 144.71 points.
On the capital city's bourse, gainers outnumbered losers by 182–54.
The trading volume and value declined over the previous trading, with 65 million shares traded worth 568 billion VND (27 million USD).
After purchasing a net $13.36 million shares on both bourses yesterday, taking advantage of the market retreat to boost holdings, foreign investors continued on May 9 as net buyers but with a lower net value of 143.67 billion VND (6.8 million USD). Large-cap stocks such as PetroVietnam Gas Corporation (GAS), Masan Group (MSN) and Vingroup (VIC) were heavily traded by foreign investors.
VNA
