Although in the trading session, selling pressure appeared when the VN-Index sharply jumped, the market managed to maintain upward momentum as several large cap stocks’ recovery helped to buoy the market.
Of which, steel and banking shares advanced strongly, such as HPG gained 4.5 percent, HSG added 3.8 percent, POM surged 3.1 percent, TCB rallied 3.2 percent and CTG edged up 2.6 percent.
The Vietnam’s benchmark VN-Index rebounded 8.92 points, or 0.92 percent, the highest level in the past month, to close at 976.92 points. Among the index members, there were 190 winners, 92 losers while 65 stocks remained unchanged.
The HNX-Index of the smaller bourse in the north mounted 0.85 points, or 0.8 percent, to 107.14 points, with 75 stocking climbing, 73 declining and 56 standing still.
Foreign investors continued to net buy with total value of more than VND200 billion (US$8.63 million).