Vietnamese stocks bounced back Wednesday after a six-day holiday on the back of increasing blue chips and positive economic reports from government and the Central Institute of Economic Management.
Ho Chi Minh City’s VN-Index gained 11.59 points, or 1.25% to close at 935.48.
The bourse closed with 4.7 million shares changing hands for VND564 billion (US$35 million).
There were 54 gainers and 37 losers out of the total 109 stocks.
Blue chips like GMD, REE, NKD, VNM and SGH were among gainers, all of which hit the ceiling price 5% limit.
The mutual funds, PRUBF1 and VFMVF1, gained 0.72% and 1.80% respectively, to close at VND14,000 and VND34,000.
The market recovery has been attributed to a forecast from The Central Institute of Economic Management that said that Vietnam is likely to attract foreign investment worth $35 billion this year. The government also expects the country’s economy to expand by 8.5% this year.
Source: Thanh Nien
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